Bill Type
Congress Name
Long Title
AN ACT PROVIDING MEASURES TO ENHANCE THE ACCEPTABILITY OF AGRICULTURAL LANDS AS SECURITY FOR LOANS OBTAINED FROM LENDERS, BANKS AND OTHER FINANCIAL INSTITUTIONS THEREBY PROMOTING ACCESS TO RURAL CREDIT, PROVIDING MECHANISMS THEREFOR AND FOR OTHER PURPOSES
Text as filed (link)
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00247 | |
| FULL TITLE : AN ACT PROVIDING MEASURES TO ENHANCE THE ACCEPTABILITY OF AGRICULTURAL LANDS AS SECURITY FOR LOANS OBTAINED FROM LENDERS, BANKS AND OTHER FINANCIAL INSTITUTIONS THEREBY PROMOTING ACCESS TO RURAL CREDIT, PROVIDING MECHANISMS THEREFOR AND FOR OTHER PURPOSES | |
| SHORT TITLE : Enhanced Collateral Value of Farm Lands Act of 2004 | |
| ABSTRACT : "Enhanced Collateral Value of Farm Lands Act of 2004". The bill seeks to provide measures to enhance the acceptability of agricultural lands as security for loans obtained from banks and other financial institutions. In the event that the acceptability of agricultural lands as collateral in loan applications is enhanced, access to rural credit will be upheld and encouraged. | |
| PRINCIPAL AUTHOR/S : DADIVAS, RODRIGUEZ D. | |
| DATE FILED : 2004-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Codilla (005 ) | 2. Biazon (034 ) |
| 3. Lapus (036 ) | 4. Mangudadatu (065 ) |
| 5. Nantes (063 ) | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Approved by the Committee on Ways and Means on 2005-08-16 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON AGRARIAN REFORM ON 2004-09-08 | |
| SECONDARILY REFERRED TO THE COMMITTEE(S) ON BANKS AND FINANCIAL INTERMEDIARIES | |
| PREVIOUS COMMITTEE REFERRALS :PRIMARILY REFERRED TO AGRICULTURE, FOOD & FISHERIES on 2004-07-27; |
Abstract
"Enhanced Collateral Value of Farm Lands Act of 2004". The bill seeks to provide measures to enhance the acceptability of agricultural lands as security for loans obtained from banks and other financial institutions. In the event that the acceptability of agricultural lands as collateral in loan applications is enhanced, access to rural credit will be upheld and encouraged.'
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.