Revised Certificate of Acknowledgment for Applications
- Strikes out prior certificate of acknowledgment.
- Introduces a formal acknowledgment format including:
- Jurisdiction and date.
- Personal appearance and oath of applicant confirming truth of statements.
- Presentation of applicant’s cedula certificate with number, issuing place, and date.
- Certification by notary public or authorized official.
Valuation of Subdivided Land for Registration and Tax Purposes
- When land is subdivided after the last assessment, value of portion for registration is:
- To be fixed by agreement between applicant and local tax collector.
- Proportioned relative to value compared to whole tract.
- Disputes on value submitted to court for decision.
- If land not assessed for tax, value to be market value established by sworn declarations of three disinterested persons.
- Court may increase valuation if application value appears too low.
Extension of Mortgage Law Powers to Court of Land Registration
- Powers related to inspecting registries, consulting with registers of deeds, and resolving registration questions under Mortgage Law sections conferred on Court of Land Registration.
Revised Form of Acknowledgment for Instruments
- Updates the form of acknowledgment for deeds, mortgages, or leases.
- Requires:
- Jurisdiction and date.
- Personal appearance and acknowledgment that instrument is free act and deed.
- Presentation of cedula certificates with numbers, issuing places, and dates.
- Certification by notary public or authorized official.
Inclusion of Marital Status in Deed, Mortgage, and Lease Forms
- Requires insertion of the word “married” and space for indicating marital status and spouse name in forms for deeds, mortgages, and leases.
- Purpose is to disclose whether grantee, mortgagee, or lessee is married and to whom.
Authorization for Free Distribution of Forms and Publicity Materials
- Court of Land Registration authorized to print and distribute free:
- Blank application forms.
- Rules and regulations.
- Forms of deeds, mortgages, leases.
- Other useful materials related to land registration.
- Aimed at giving publicity to the law and facilitating court operations.
Expedited Enactment and Effectivity
- Act's passage expedited per existing Commission procedure law.
- Act takes effect immediately upon passage.