Limit on Contributions to Assurance Fund

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Title Supreme Court: Limit on Contributions to Assurance Fund

Law: Batas Pambansa Blg. 594

Decision Date: Jun 24, 1983

An amendment to the Property Registration Decree in the Philippines limits the collection of contributions to the Assurance Fund to specific stages of the registration process, ensuring that payments are made upon the entry of a certificate of title and the original registration of a building or improvements on a registered land, while also providing a remedy for individuals who suffer loss or damage as a result of errors or fraudulent activities in the registration process.

registration process

certificate of title

building registration

END