Bill Type
Congress Name
Long Title
AN ACT CREATING THE FIELD OF LAND TITLE INSURANCE AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 612 OTHERWISE KNOWN AS THE INSURANCE CODE OF 1978 AS AMENDED BY PRESIDENTIAL DECREES NO. 1455 AND 1460 AND BATAS PAMBANSA BLG. 874
Date filed
July 2, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB00422 |
| FULL TITLE : AN ACT CREATING THE FIELD OF LAND TITLE INSURANCE AMENDING FOR THE PURPOSE PRESIDENTIAL DECREE NO. 612 OTHERWISE KNOWN AS THE INSURANCE CODE OF 1978 AS AMENDED BY PRESIDENTIAL DECREES NO. 1455 AND 1460 AND BATAS PAMBANSA BLG. 874 |
| ABSTRACT : The bill creates the field of "title insurance" to protect land buyers from fake or forged titles, reimburse them on fraudulent transactions and save the integrity of the Torrens Titling System from attack by crime syndicates. |
| PRINCIPAL AUTHOR/S : ZIALCITA, EDUARDO C. |
| DATE FILED : 2007-07-02 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS (Journal Entries) : |
| 1. Villarosa (014 ) |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Referred to Stakeholders on 2007-07-30 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 2007-07-30 |
Abstract
The bill creates the field of "title insurance" to protect land buyers from fake or forged titles, reimburse them on fraudulent transactions and save the integrity of the Torrens Titling System from attack by crime syndicates.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.