27 May 2003

Memorandum No. ERR-03-068

To: ALL CONCERNED

Subject: Check Replacement Fee

------------------------------------------------------

Please be informed that effective May 23, 2003, the 
 University will charge a fee of FIFTY PESOS ONLY (P50.00) 
 for every replacement of any check that is lost, cancelled, 
 destroyed, or has become stale, except when the cause of 
 the replacement is the result of an official decision or 
 action of the University.

This is being done to encourage people to secure their checks 
 and to encash or deposit their checks on time. A check is 
 rendered stale six (6) months after its date of issue. We 
 should be aware that the University spends money every time 
 a check is replaced. The expense s involved in preparing and 
 processing a check include not only the cost of checks and 
 supplies but also the cost of man-hours spent by all those 
 involved in the process.

Application for replacement of checks will only be processed 
 if accompanied with an Official Receipt showing proof of payment 
 of this fee. Please pay at the Cash Office and file your 
 application for check replacement at the Accounting Office.


EMERLINDA R. ROMAN
Chancellor