Legislative History
| House Bill/Resolution NO. HB00215 |
| FULL TITLE : AN ACT TO AMEND PRESIDENTIAL DECREE NINE HUNDRED FIFTY SEVEN (PD 957) TO INCREASE THE PENALTIES FOR VIOLATION THEREOF |
| ABSTRACT : Seeks to impose penalties for violation of PD 957 otherwise known as the law regulating the sale of subdivision lots and condominiums, to wit: a) on the first offense, a fine of not more that P500,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 4 years, at the discretion of the court; b) on the second offense, a fine of not more that P700,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 7 years, at the discretion of the court; c) on the third offense, a fine of not more that P1,000,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 10 years, at the discretion of the court, the business permit shall be revoked or canceled. |
| PRINCIPAL AUTHOR/S : GUNIGUNDO, MAGTANGGOL I T. |
| DATE FILED : 2010-07-01 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Under deliberation by the Mother Committee on 2010-12-01 |
| 2. Committee Report Approved on 2011-02-09 |
| 3. Committee Report filed on 2011-03-02 |
| MOTHER BILL: HB04316 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON HOUSING AND URBAN DEVELOPMENT ON 2010-07-27 |
Abstract
Seeks to impose penalties for violation of PD 957 otherwise known as the law regulating the sale of subdivision lots and condominiums, to wit: a) on the first offense, a fine of not more that P500,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 4 years, at the discretion of the court; b) on the second offense, a fine of not more that P700,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 7 years, at the discretion of the court; c) on the third offense, a fine of not more that P1,000,000.00 or 100% of the total purchase price of the properties sold whichever is higher and/or imprisonment of not more than 10 years, at the discretion of the court, the business permit shall be revoked or canceled.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.