Question & AnswerQ&A (Acts No. 4029)
The main purpose of Act No. 4029 is to amend Section 58 of Act No. 496, known as the Land Registration Act, particularly to provide procedures for transferring portions or subdivided lots of land covered by a certificate of title.
A plan showing all portions or lots into which the land has been subdivided, along with a technical description of each portion or lot, must be verified and approved by the Director of Lands.
No, the Register of Deeds may only make a memorandum of the deed on the grantor's certificate of title and on its owner's duplicate as notice to third parties until the subdivision plan and technical descriptions are approved.
A certified copy of the plan and descriptions shall be filed in the office of the Register of Deeds, recorded in the certificate of title, and the Register of Deeds shall enter the transfer certificate to the grantee and issue an owner's duplicate. Additionally, a new certificate and duplicate for the grantor's remaining land will be issued.
Such discrepancy shall be reported to the Court of First Instance where the land lies, and after notice and hearing, the court will decide the case and related questions regarding the subdivision plan.
All such inconsistent acts and regulations or parts thereof are modified or repealed by the provisions of this Act.
The Act took effect upon its approval on December 8, 1932.
It serves as a notice to third parties of the fact that a portion or lot of the land has been sold to the person(s) named in the deed, pending approval of the subdivision plan.