House Bill No. 4073, 13th Congress of the Republic | Senate of the Philippines Legislative Reference Bureau

ABSTRACT : "The Subdivision and Condominium Buyers' Protective Decree Amendments of 2005". The bill proposes the following amendments, among others: a) the cancellation of the registration with the Register of Deeds of a contract to sell that has been rescinded will not longer require a court order but simply an affidavit, and b) the deed of sale or contract to sell a lot or unit, subject of a mortgage, will be required to include a partial release clause or a provision guaranteeing the release of the title upon full payment.

PRINCIPAL AUTHOR/S : BUESER, DANTON Q.

DATE FILED : 2005-03-31

SIGNIFICANCE: NATIONAL

CO-AUTHORS :

1. Zialcita

CO-AUTHORS (Journal Entries) :

1. Magsaysay (032 )

ACTIONS TAKEN BY THE COMMITTEE

COMMITTEE REPORT NO. 00617

SUBMITTED ON 2005-03-31

SUBMITTED BY: HOUSING AND URBAN DEVELOPMENT

RECOMMENDATIONS: approval

SUBSTITUTED BILLS: HB01844, HB03523

ACTIONS TAKEN BY THE COMMITTEE ON RULES

REFERRAL TO THE COMMITTEE ON RULES ON 2005-04-12

DATE INCLUDED IN OB: 2005-04-12

DATE CALENDARED : 2005-05-03

SECOND READING INFORMATION

PERIOD OF SPONSORSHIP : 2005-06-07

DATE APPROVED ON SECOND READING : 2005-06-07

REMARKS : The Body approved to consider the Explanatory Note as the sponsorship remarks on the measure.

THIRD READING INFORMATION

DATE COPY DISTRIBUTED TO MEMBERS: 2005-07-26

DATE APPROVED BY THE HOUSE ON THIRD READING :2006-05-29

HOUSE VOTES: YEAS:135 NAYS:0 ABSTAIN:.0

DATE TRANSMITTED TO THE SENATE: 2006-05-31

ACTIONS TAKEN BY THE SENATE/HOUSE

DATE RECEIVED BY THE SENATE: 2006-05-31

REMARKS :

Senate Legislative History

Entitled:

AN ACT AMENDING THE SUBDIVISION AND CONDOMINIUM BUYERS' PROTECTIVE DECREE

[ SECOND REGULAR SESSION, 13TH CONGRESS ]

[ 2006 ]

5/31/2006 Filed in the Senate requesting for concurrence by Representatives DANTON Q. BUESER and EDUARDO C. ZIALCITA, as authors;

6/1/2006 Read on First Reading and Referred to the Committee on URBAN PLANNING, HOUSING AND RESETTLEMENT;

Abstract

"The Subdivision and Condominium Buyers' Protective Decree Amendments of 2005". The bill proposes the following amendments, among others: a) the cancellation of the registration with the Register of Deeds of a contract to sell that has been rescinded will not longer require a court order but simply an affidavit, and b) the deed of sale or contract to sell a lot or unit, subject of a mortgage, will be required to include a partial release clause or a provision guaranteeing the release of the title upon full payment.

Disclaimer

Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.

Entitled:
AN ACT AMENDING THE SUBDIVISION AND CONDOMINIUM BUYERS' PROTECTIVE DECREE
[ SECOND REGULAR SESSION, 13TH CONGRESS ]
[ 2006 ]
5/31/2006	Filed in the Senate requesting for concurrence by Representatives DANTON Q. BUESER and EDUARDO C. ZIALCITA, as authors;
6/1/2006	Read on First Reading and Referred to the Committee on URBAN PLANNING, HOUSING AND RESETTLEMENT;