Bill Type
Short Title
PERSONAL PROPERTY SECURITY ACT
Text as Filed (File)
Third Reading Copy link (HRep)
Scope
Legislative Status
Legislative Status Date
Session Sequence No.
55
Session Type
Subjects
Document Certification
Bill Transmittal
Conference committee requested by SENATE (5/29/2018)
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Floor Activity (Senate Website)
Committee Details
House Committee Report link
Legislative History
| House Bill/Resolution NO. HB06907 | |
| REPUBLIC ACT NO. RA11057 | |
| FULL TITLE : AN ACT STRENGTHENING THE LEGAL FRAMEWORK FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY RIGHTS AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY AND THE ESTABLISHMENT OF A NOTICE REGISTRY | |
| SHORT TITLE : Strengthening The Legal Framework For The Creation, Perfection, Determination Of Priority Rights And Enforcement Of Security Interests In Personal Property And The Establishment Of A Notice Registry | |
| PRINCIPAL AUTHOR/S : YAP, ARTHUR C., BRAVO, ANTHONY M., Ph.D., EVARDONE, BEN P., TAMBUNTING, GUS S., ONG, HENRY C., OAMINAL, HENRY S., ALMONTE, JORGE T., COLLANTES, MARIA THERESA V., LIMKAICHONG, JOCELYN SY, FERRER, JULIET MARIE D., SALON, ORESTES T., CORTUNA, JULIETA R., TURABIN-HATAMAN, SITTI DJALIA A., CAMINERO, WILFREDO S., VILLARIN, TOM S., CUA, DAKILA CARLO E., VILLAFUERTE, LUIS RAYMUND JR. F., TEJADA, JOSE "PING-PING" I., PINEDA, ENRICO A., REVILLA, STRIKE B., DIMAPORO, ABDULLAH D. | |
| DATE FILED : 2017-12-13 | |
| SIGNIFICANCE: NATIONAL | |
| AUTHORS(Final/Third Reading) : | |
| 1. Yap (A.) | 2. Bravo (A.) |
| 3. Evardone | 4. Tambunting |
| 5. Ong (H.) | 6. Oaminal |
| 7. Almonte | 8. Collantes |
| 9. Limkaichong | 10. Ferrer J. |
| 11. Salon | 12. Cortuna |
| 13. Turabin-Hataman | 14. Caminero |
| 15. Villarin | 16. Cua |
| 17. Villafuerte | 18. Tejada |
| 19. Pineda | 20. Revilla |
| 21. Dimaporo (A.) | 22. Datol |
| 23. Salimbangon | 24. Garbin |
| 25. Celeste | 26. Castelo |
| 27. Bertiz | 28. Mariño |
| 29. Escudero | 30. Bravo (M.) |
| 31. Alonte | 32. Dy |
| 33. Sarmiento (C.) | 34. Abu |
| 35. Belaro | 36. Savellano |
| 37. Abueg | 38. Belmonte (R.) |
| 39. Primicias-Agabas | 40. Garcia (G.) |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB01459 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Committee Report filed on 2017-12-13 | |
| COMMITTEE REPORT NO. 00550 | |
| SUBMITTED ON 2017-12-13 | |
| SUBMITTED BY: BANKS AND FINANCIAL INTERMEDIARIES | |
| RECOMMENDATIONS: Approval in substitution of House Bill No. 3682 and 3818 | |
| SUBSTITUTED BILLS: HB03682, HB03818 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2018-01-15 | |
| DATE INCLUDED IN OB: 2018-01-15 | |
| DATE CALENDARED : 2018-01-16 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2018-01-23 | |
| SPONSORED BY : Yap (A.) | |
| FINAL LIST OF AUTHORS : Yap (A.), Bravo (A.), Evardone, Tambunting, Ong (H.), Oaminal, Almonte, Collantes, Limkaichong, Ferrer J., Salon, Cortuna, Turabin-Hataman, Caminero, Villarin, Cua, Villafuerte, Tejada, Pineda, Revilla, Dimaporo (A.), Datol, Salimbangon, Garbin, Celeste, Castelo, Bertiz, Mariño, Escudero, Bravo (M.), Alonte, Dy, Sarmiento (C.), Abu, Belaro, Savellano, Abueg, Belmonte (R.), Primicias-Agabas, Garcia (G.) | |
| DATE APPROVED ON SECOND READING : 2018-01-23 | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2018-01-31 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2018-02-05 | |
| HOUSE VOTES: YEAS:225 NAYS:0 ABSTAIN:.0 | |
| Voting Details Per Member(Legend:Y-Yes N-No A-Abstain X-Did Not Vote B-Absent D-N/A) | |
| D---Abad--(N/A) | B---Abaya--(Absent) |
| Y---Abayon | Y---Abellanosa |
| Y---Abu | Y---Abueg |
| Y---Acharon | X---Acop |
| Y---Acosta | B---Acosta-Alba--(Absent) |
| Y---Adiong | B---Advincula--(Absent) |
| Y---Agarao | Y---Aggabao |
| Y---Aglipay-Villar | D---Akbar--(N/A) |
| X---Albano | B---Alcala--(Absent) |
| Y---Alejano | X---Almario |
| Y---Almonte | B---Alonte--(Absent) |
| Y---Alvarez (F.) | Y---Alvarez (M.) |
| Y---Alvarez (P.) | Y---Amante |
| Y---Amatong (I.) | B---Andaya--(Absent) |
| Y---Angara-Castillo | B---Antonino--(Absent) |
| Y---Antonio | Y---Aragones |
| Y---Arbison | Y---Arcillas |
| Y---Arenas | Y---Atienza |
| Y---Aumentado | Y---Bag-ao |
| Y---Bagatsing | B---Baguilat--(Absent) |
| Y---Banal | Y---Barbers |
| Y---Barzaga | Y---Bataoil |
| Y---Batocabe | B---Bautista-Bandigan--(Absent) |
| Y---Belaro | Y---Belmonte (F.) |
| Y---Belmonte (J.C.) | Y---Belmonte (R.) |
| B---Benitez--(Absent) | B---Bernos--(Absent) |
| Y---Bertiz | Y---Biazon |
| Y---Billones | X---Biron |
| Y---Bolilia | Y---Bondoc |
| Y---Bordado | Y---Bravo (A.) |
| Y---Bravo (M.) | Y---Brosas |
| Y---Bulut-Begtang | B---Cagas--(Absent) |
| Y---Calalang | Y---Calderon |
| Y---Calixto-Rubiano | Y---Caminero |
| B---Campos--(Absent) | Y---Canama |
| Y---Cari | Y---Casilao |
| Y---Castelo | B---Castro (F.L.)--(Absent) |
| Y---Castro (F.H.) | Y---Catamco |
| Y---Cayetano | B---Celeste--(Absent) |
| Y---Cerafica | Y---Cerilles Enerio |
| Y---Chavez | Y---Chipeco |
| Y---Co | Y---Cojuangco |
| Y---Collantes | Y---Cortes |
| X---Cortuna | Y---Cosalan |
| B---Crisologo--(Absent) | Y---Cua |
| Y---Cuaresma | Y---Cueva |
| Y---Dalipe | D---Dalog--(N/A) |
| Y---Datol | Y---Daza |
| Y---De Jesus | Y---De Venecia |
| Y---De Vera | Y---Defensor |
| Y---Del Mar | Y---Del Rosario |
| Y---Deloso-Montalla | Y---Dimaporo (A.) |
| Y---Dimaporo (M.K.) | Y---Duavit |
| B---Durano--(Absent) | Y---Dy |
| B---Elago--(Absent) | Y---Enverga |
| Y---Erice | Y---Eriguel |
| Y---Ermita-Buhain | Y---Escudero |
| Y---Espina | B---Espino--(Absent) |
| X---Estrella | Y---Eusebio |
| Y---Evardone | Y---Fariñas |
| Y---Fernando | B---Ferrer J.--(Absent) |
| B---Ferrer L.--(Absent) | B---Ferriol-Pascual--(Absent) |
| B---Floirendo--(Absent) | Y---Flores |
| Y---Fortun | Y---Fortuno |
| Y---Fuentebella | Y---Garbin |
| Y---Garcia (G.) | Y---Garcia (J.E.) |
| Y---Garcia-Albano | Y---Garin (O.) |
| B---Garin (S.)--(Absent) | Y---Gasataya |
| X---Gatchalian | Y---Geron |
| Y---Go (A.C.) | Y---Go (M.) |
| B---Gomez--(Absent) | Y---Gonzaga |
| B---Gonzales (A.P.)--(Absent) | Y---Gonzales (A.D.) |
| Y---Gonzalez | B---Gorriceta--(Absent) |
| Y---Gullas | B---Hernandez (F.)--(Absent) |
| Y---Herrera-Dy | Y---Hofer |
| X---Jalosjos | X---Javier |
| Y---Kho | Y---Khonghun |
| Y---Labadlabad | Y---Lacson |
| Y---Lagman | X---Lanete |
| Y---Laogan | Y---Lazatin |
| Y---Leachon | Y---Lee |
| Y---Limkaichong | Y---Lobregat |
| Y---Lopez (B.) | B---Lopez (C.)--(Absent) |
| Y---Lopez (M.L.) | X---Loyola |
| Y---Macapagal Arroyo | Y---Maceda |
| Y---Madrona | Y---Aquino-Magsaysay |
| B---Nuñez-Malanyaon--(Absent) | Y---Malapitan |
| X---Manalo | B---Mangaoang--(Absent) |
| B---Mangudadatu (S.)--(Absent) | Y---Mangudadatu (Z.) |
| Y---Marcoleta | Y---Marcos |
| B---Mariño--(Absent) | Y---Marquez |
| Y---Martinez | Y---Matugas |
| B---Mellana--(Absent) | Y---Mending |
| Y---Mendoza | Y---Mercado |
| Y---Mirasol | Y---Montoro |
| Y---Nava | Y---Nieto |
| Y---Noel | Y---Nograles (J.J.) |
| B---Nograles (K.A.)--(Absent) | Y---Nolasco |
| Y---Oaminal | X---Ocampo |
| Y---Olivarez | Y---Ong (H.) |
| Y---Ong (E.) | Y---Ortega (P.) |
| Y---Ortega (V.N.) | Y---Pacquiao |
| Y---Paduano | Y---Palma |
| Y---Pancho | Y---Panganiban |
| B---Panotes--(Absent) | Y---Papandayan |
| Y---Pichay | Y---Pimentel |
| Y---Pineda | B---Plaza--(Absent) |
| Y---Primicias-Agabas | Y---Roa-Puno |
| Y---Quimbo | B---Radaza--(Absent) |
| Y---Ramirez-Sato | Y---Ramos |
| Y---Relampagos | Y---Revilla |
| Y---Robes | Y---Rocamora |
| Y---Rodriguez (I.) | Y---Rodriguez (M.) |
| B---Roman--(Absent) | Y---Romero |
| Y---Romualdez | Y---Romualdo |
| D---Roque (H.)--(N/A) | Y---Roque (R.N.) |
| Y---Sacdalan | Y---Sagarbarria |
| Y---Sahali | B---Salceda--(Absent) |
| X---Salimbangon | Y---Salo |
| Y---Salon | Y---Sambar |
| Y---Sandoval | Y---Sangcopan |
| Y---Santos-Recto | Y---Sarmiento (C.) |
| Y---Sarmiento (E.M.) | Y---Savellano |
| X---Sema | Y---Siao |
| B---Silverio--(Absent) | Y---Singson (E.) |
| Y---Suansing (E.) | Y---Suansing (H.) |
| Y---Suarez | Y---Sy-Alvarado |
| B---Tambunting--(Absent) | X---Tan (A.) |
| B---Tan (M.)--(Absent) | Y---Tan (S.) |
| Y---Tejada | Y---Teves |
| Y---Tiangco | B---Ting--(Absent) |
| Y---Tinio | X---Tolentino |
| X---Treñas | X---Tugna |
| B---Tupas--(Absent) | D---Turabin-Hataman--(N/A) |
| Y---Ty | Y---Umali |
| Y---Unabia | Y---Ungab |
| Y---Unico | Y---Uy (J.) |
| Y---Uy (R.) | Y---Uybarreta |
| Y---Vargas | Y---Vargas-Alfonso |
| Y---Velarde | Y---Velasco, L.A. |
| Y---Velasco-Catera | Y---Veloso |
| Y---Vergara | B---Villafuerte--(Absent) |
| Y---Villanueva | D---Villar--(N/A) |
| Y---Villaraza-Suarez | Y---Villarica |
| Y---Villarin | Y---Violago |
| Y---Yap (A.) | Y---Yap (M.) |
| Y---Yap (V.) | Y---Yu |
| B---Zamora (M.C.)--(Absent) | X---Zamora (R.) |
| Y---Zarate | Y---Zubiri |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2018-05-29 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Evardone, Yap (A.), Oaminal, Tejada, Garbin | |
| CONCOM MEMBERS(SENATE) : Escudero, Recto, Aquino | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2018-05-30 | |
| DATE SENATE APPROVED CONCOM REPORT : 2018-05-30 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2018-07-17 | |
| DATE ACTED UPON BY THE PRESIDENT : 2018-08-17 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA11057 | |
| ORIGIN : HOUSE | |
| REPUBLIC ACT TITLE: AN ACT STRENGTHENING THE SECURED TRANSACTIONS LEGAL FRAMEWORK IN THE PHILIPPINES, WHICH SHALL PROVIDE FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY, ESTABLISHMENT OF A CENTRALIZED NOTICE REGISTRY, AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY, AND FOR OTHER PURPOSES |
Senate Legislative History
Entitled: AN ACT STRENGTHENING THE LEGAL FRAMEWORK FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY RIGHTS AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY AND THE ESTABLISHMENT OF A NOTICE REGISTRY [ SECOND REGULAR SESSION, 17TH CONGRESS ] [ 2018 ] Introduced by Representatives ARTHUR C. YAP, ANTHONY M., PH.D. BRAVO, BEN P. EVARDONE, GUS S. TAMBUNTING and HENRY C. ONG, et. al.; Approved on Third Reading by the House of Representatives on February 5, 2018; 2/8/2018 Sent to the Senate requesting for concurrence; 2/12/2018 Read on First Reading and Referred to the Committee on BANKS, FINANCIAL INSTITUTIONS AND CURRENCIES; 5/29/2018 Senate requested the House of Representatives for a conference on the disagreeing provisions of HBN-6907 and SBN-1459, designating Senators Escudero, Recto and Aquino; 5/30/2018 House of Representatives agreed for a conference on the disagreeing provisions of SBN-1459 and HBN-6907, designating Representatives Ben P. Evardone, Arthur C. Yap, Henry S. Oaminal, Jose I. Tejada and Alfredo A. Garbin, Jr. as its conferees on May 29, 2018; (See: O.B. dated July 30, 2018) 5/30/2018 Sponsorship speech on the Conference Committee Report of Senator FRANCIS "CHIZ" G. ESCUDERO; 5/30/2018 Conference Committee Report Approved by the Senate; 6/4/2018 Conference Committee Report Approved by the House of Representatives on May 30, 2018; (See: O.B. dated July 30, 2018) 7/5/2018 Letter from Secretary General Atty. Cesar S. Pareja, dated July 4, 2018, transmitting nine (9) enrolled copies of the consolidated version of HBN-6907 and SBN-1459, for the signature of Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; 7/16/2018 Letter for Speaker Pantaleon D. Alvarez, dated July 11, 2018, returning eight (8) enrolled copies of the consolidated version of HBN-6907 and SBN-1459, which were signed by Senate Secretary Myra Marie D. Villarica and Senate President Vicente C. Sotto III; [ THIRD REGULAR SESSION ] FINAL TITLE: AN ACT STRENGTHENING THE SECURED TRANSACTIONS LEGAL FRAMEWORK IN THE PHILIPPINES, WHICH SHALL PROVIDE FOR THE CREATION, PERFECTION, DETERMINATION OF PRIORITY, ESTABLISHMENT OF A CENTRALIZED NOTICE REGISTRY, AND ENFORCEMENT OF SECURITY INTERESTS IN PERSONAL PROPERTY, AND FOR OTHER PURPOSES 10/1/2018 Approved and signed into law, in consolidation with SBN-1459 by the President of the Philippines, His Excellency, President Rodrigo Roa Duterte on August 17, 2018 and became 10/1/2018 REPUBLIC ACT NO. 11057. (The legislative history/plenary deliberations is prepared by the INDEXING, MONITORING AND LIS SECTION, LEGISLATIVE BILLS AND INDEX SERVICE; The data entry on committee meetings is prepared by the Committee Affairs Bureau)
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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.