Practice question
An agency's escrow is garnished. It receives the prescribed Notice to Replenish but fails to replenish within 30 days. Under Section 20 of the 2023 landbased rules, what consequence is specified?
- The license is suspended until compliance with the notice.
- Nothing happens because escrow is voluntary.
- The license passes to the garnishing creditor.
- Every worker automatically becomes a shareholder.
- The shortfall is always forgiven after 30 days.
Legal references
- 2023 DMW landbased Rules, Department Circular 01 s.2023, specified section: https://dmw.gov.ph/archives/v1/resources/dsms/DMW/ISN-EXT/2023/DMW-DC-01-2023.pdf — Section 20.
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