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 NUMBERED 1455 AND 1460 AND BATAS PAMBANSA BILANG 874
Date filed
March 8, 1999
Scope
Urgent Bill
No
Legislative History
| House Bill/Resolution NO. HB06986 |
| 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 NUMBERED 1455 AND 1460 AND BATAS PAMBANSA BILANG 874 |
| ABSTRACT : Rationale: TITLE INSURANCE policies insure title to real estate. The policy protects the insured against title defects, liens and encumbrances not specifically exempted from its coverage. Title insurance will give financial confidence to financial institutions and individual persons to proceed and deal with real property. |
| PRINCIPAL AUTHOR/S : ANGPING, HARRY C. |
| DATE FILED : 1999-03-08 |
| SIGNIFICANCE: NATIONAL |
| CO-AUTHORS : |
| 1. |
| ADMINISTRATION BILL? No |
| URGENT BILL? No |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON BANKS AND FINANCIAL INTERMEDIARIES ON 1999-03-15 |
Abstract
Rationale: TITLE INSURANCE policies insure title to real estate. The policy protects the insured against title defects, liens and encumbrances not specifically exempted from its coverage. Title insurance will give financial confidence to financial institutions and individual persons to proceed and deal with real property.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.