Issuance of Transfer Certificates of Title to Project Beneficiaries
- The Registry of Deeds of Caloocan City is authorized to issue new Transfer Certificates of Title (TCTs) to NHA project beneficiaries.
- Issuance is based on original copies of TCT Nos. 34591 through 34637.
- These original TCTs are held either by the Registry of Deeds of Rizal or the Registry of Deeds of Caloocan City.
- This provision facilitates title transfer without presenting the owner's duplicate title, simplifying the process for beneficiaries.
Effectivity of the Act
- The Act takes effect immediately upon approval on November 21, 1983.
Legal and Procedural Implications
- Simplifies and expedites the transfer of ownership and registration processes for NHA housing projects within the Tala Estate Reservation.
- Ensures legal recognition and protection of project beneficiaries’ ownership rights without procedural delays related to documentary requirements.
- Clarifies jurisdiction and authority over title registration and issuance between the Registries of Deeds in Rizal and Caloocan City.