Question & AnswerQ&A (Act No. 3362)
The main purpose of Act No. 3362 is to amend Section 127 of Act No. 496 by adding provisions to ensure the authenticity of instruments acknowledged before a notary when such instruments consist of two or more pages and relate to the sale, assignment, conveyance, or mortgage of two or more parcels of land.
Act No. 3362 amends Section 127 of Act No. 496.
Each page must be signed on the left margin by the person or persons executing the instrument and their witnesses, sealed with the notarial seal, and this fact must be stated in the acknowledgment.
The signatures required are those of the person or persons executing the instrument and their witnesses.
The signatures must be on the left margin of each page.
The number of parcels of land involved in the sale, assignment, conveyance, or mortgage must be set forth in the acknowledgment.
Yes, each page must be sealed with the notarial seal.
Instruments related to the sale, assignment, conveyance, or mortgage of two or more parcels of land.
The Act took effect sixty days after its approval.
These provisions help to insure the authenticity of the instruments, prevent tampering or substitution of pages, and provide clear identification of the number of parcels involved to avoid legal disputes.