Validity and Penalty on Postal Money Order Deposits

Ask AI

LTO MEMORANDUM CIRCULAR NO. MC-91-143-A: Validity and Penalty on Postal Money Order Deposits

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Validity and Penalty on Postal Money Order Deposits

Law: Lto Memorandum Circular No. Mc-91-143-a

Decision Date: Jan 8, 1992

Postal money orders used as deposits for motor vehicle registration fees are now valid for three months, with a 50% surcharge applied for late payments, as mandated by the LTO's January 1992 amendment.

postal money

order

registration fees

Penalty for Late Payment Beyond Validity Period

A surcharge of fifty percent (50%) shall be imposed on motor vehicle registration fees paid after the expiration of the three-month validity period of the postal money order.

Scope and Application

The directive applies to all classes of motor vehicles.
It amends the earlier policy stated in Memorandum Circular No. MC-91-143 dated 20 November 1991 to address the validity period issue.

Effective Date and Authority

The amendment takes effect immediately as of January 8, 1992.
Issued by Assistant Secretary Juan V. Borra, Jr., under the authority of the Land Transportation Office (LTO).

END