Question & AnswerQ&A (LTO MEMORANDUM CIRCULAR NO. MC-91-143-A)
It is an amendment to Memorandum Circular No. MC-91-143 regarding the validity of postal money orders paid as deposits for registration fees of motor vehicles.
It specifies that all postal money orders paid as deposits for all classes of motor vehicles will have a validity period of three (3) months from the date it was filed.
A penalty of fifty percent (50%) surcharge shall be collected for all motor vehicles paid after the expiration of the validity period.
The validity period is reckoned from the date the postal money order was filed.
Yes, it applies to all classes of motor vehicles.
The memorandum circular took effect immediately upon its adoption on January 8, 1992.
To correct the compartmentalized policy regarding the validity of postal money orders as deposits for registration fees.
They must pay a surcharge penalty of 50% on the registration fees.
The surcharge is collected for all motor vehicles registration fees paid after the validity period expired.