Question & AnswerQ&A (DOH ADMINISTRATIVE ORDER NO. 2010-0008)
The purpose of Presidential Decree No. 1417 is to amend Section 198 of the Revised Administrative Code to increase the fees collectible in connection with the registration of chattel mortgages, in response to increased costs for the Land Registration Commission.
Every register of deeds is responsible for keeping a primary entry book and a registration book for chattel mortgages.
The register of deeds must certify the date, hour, and minute when the mortgage was received for record, both on the mortgage and its duplicate.
The entry must include the names of the mortgagee and mortgagor, the sum or obligation guaranteed, date of the instrument, name of the notary, and a note referring to the detailed description of the mortgaged property and terms in the instrument with the proper file number.
Supporting papers presented together with the principal document are not charged an entry or presentation fee unless the party in interest requests for them to be entered as well.
The fee is seven pesos for the first five hundred pesos or fractional part thereof, and three pesos for each additional five hundred pesos or fractional part thereof.
The register of deeds where the instrument is first presented collects the full fees. Other registers of deeds where it is also registered collect 20% of the fees paid in the first city or province, but not less than the minimum fees fixed in the schedule.
A fee of eight pesos is charged for recording each notice of attachment, including necessary index and annotations.
The fee charged is based on five percent of the amount of the mortgage according to the schedule provided for filing and recording chattel mortgages.
The fee is five pesos for each certificate containing not more than 200 words.