Notice and Redemption Rights of Owners
- Owners must be given written notice before public sale.
- Owners have fifteen (15) days from receipt of notice to redeem the vehicle by paying all charges.
- Alternatively, owners can participate in the public bidding held by BLT.
Storage Fees and Penalties
- Owners liable for storage fees determined by BLT and approved by the Minister of Transportation and Communications.
- Additional penalty of P5.00 per day from date of impoundment.
- Total charges (storage plus penalties) capped at one-fifth (1/5) of the vehicle's appraised value.
Public Sale Procedures
- BLT responsible for fixing time and place of the public sale.
- Public sale open to all interested parties.
- Notice of sale to be published weekly for three (3) consecutive weeks in a newspaper of general circulation.
Application of Sale Proceeds
- Proceeds from sale to be applied to liens, fines, fees, penalties, and publication costs.
- Remaining balance, if any, to be returned to the former owners.
Repeal and Effectivity
- Conflicting laws, decrees, orders, and regulations are repealed, amended, or modified accordingly.
- The decree takes effect immediately upon promulgation.