Purpose and coverage of procedures
- LRA Circular No. 01-2012 prescribes rules and procedures to guide the registering public in paying using Manager’s Check.
- The payment procedures apply to transactions entered at the Registries of Deeds.
- The payment procedures also apply to transactions entered at the LRA Central Office.
- LRA Circular No. 01-2012 specifically covers payments of both LRA Fees and IT Service Fees.
Required Manager’s Check for LRA and IT fees
- A separate Manager’s Check must be presented for the payment of LRA Fees and IT Fees.
- The amount payable in the Manager’s Check must be in accordance with the amount indicated in the Assessment Form generated by the Computerized System.
- Payment procedures must be observed in the Registries of Deeds and LRA Central Office for the covered transactions.
Naming requirements for LRA fee payments
- For payment of LRA Fees, the Manager’s Check must be made in the name of “Registry of Deeds of (name of Registry of Deeds)” for transactions entered at the Registry of Deeds.
- For payment of LRA Fees, the Manager’s Check must be made in the name of “Land Registration Authority” for transactions entered at the LRA Central Office.
Naming requirements for IT service fee payments
- For payment of IT Service Fees, the Manager’s Check must be in the name of “Registry of Deeds of (name of Registry of Deeds)” for the account of PNB Trust Banking Group as Escrow Agent for Trust Account No. 161144TA01 for transactions entered at the Registries of Deeds.
- For payment of IT Service Fees, the Manager’s Check must be in the name of “Land Registration Authority” for the account of PNB Trust Banking Group as Escrow Agent for Trust Account No. 161144TA01 for transactions at the LRA Central Office.