G.R. No. 173864 - Bangko Sentral ng Pilipinas vs. Libo-on

Bangko Sentral ng Pilipinas vs. Libo-on

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Title Supreme Court: Bangko Sentral ng Pilipinas vs. Libo-on

Case: G.R. No. 173864

Decision Date: Nov 23, 2015

Spouses Libo-on secured loans from Rural Bank of Hinigaran, mortgaging property. BSP attempted foreclosure without valid assignment, lacking privity. SC ruled foreclosure unauthorized, upheld damages to spouses.

authority to foreclose

promissory note

real estate mortgage

Standard 15 min

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