Foreclosure Exemption for Rural Bank Loans

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LRA CIRCULAR NO. 60: Foreclosure Exemption for Rural Bank Loans

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Title Supreme Court: Foreclosure Exemption for Rural Bank Loans

Law: Lra Circular No. 60

Decision Date: Oct 15, 1993

Rural banks are exempt from newspaper publication requirements for foreclosures on loans not exceeding P100,000, allowing notices to be posted in local government and community areas instead, while ensuring borrowers retain the right to redeem their properties within specified timeframes.

mortgage

foreclosure

rural bank

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