Amendment on Filing Duplicate Title of Mortgagee

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Act No. 3322: Amendment on Filing Duplicate Title of Mortgagee

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Title Source: Supreme Court: Amendment on Filing Duplicate Title of Mortgagee

Law: Act No. 3322

Decision Date: Dec 4, 1926

An amendment to the Land Registration Act addresses the filing of duplicate certificates of title by mortgagees, requiring the presentation of the owner's duplicate certificate for endorsement, with exceptions provided by the Land Registration Act or court order; failure to deliver the duplicate certificate allows the register of deeds to still register or annotate real rights acquired by the owner, and the production of the owner's duplicate certificate serves as conclusive authority for registration of voluntary instruments, binding the registered owner and protecting innocent holders for value; subsequent registrations procured by fraud or forged instruments are null and void, and in case of loss or theft of the owner's duplicate certificate, immediate notice must be sent to the register of deeds.

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