Entitled:
AN ACT TO PROVIDE ADDITIONAL PROTECTION TO BUYERS OF REAL ESTATE ON INSTALLMENT PAYMENTS BY REQUIRING SUBDIVISION OR REAL ESTATE OWNERS TO HAVE AN INDIVIDUAL TITLE ON EVERY LOT AVAILABLE FIRST BEFORE OFFERING THE SAME FOR SALE, PROHIBITING ANY MORTGAGE, LIEN OR ENCUMBRANCE ON THE SAME, MAKING THE ANNOTATION ON THE TITLE OF THE CONTRACT TO SELL OR SALE MANDATORY, MAKING IT COMPULSORY FOR THE EXECUTION OF A DEED OF ABSOLUTE SALE AND THE DELIVERY OF THE TITLE TO THE BUYER UPON COMPLETION OF INSTALLMENT PAYMENTS, AND PROVIDING OTHER PROTECTIVE MEASURES, INCLUDING THE IMPOSITION OF PENALTY FOR VIOLATION THEREOF
[ FIRST REGULAR SESSION, 16TH CONGRESS ]
[ 2013 ]
7/15/2013	Introduced by Senator JINGGOY P. EJERCITO-ESTRADA;
8/7/2013	Read on First Reading and Referred to the Committee on URBAN PLANNING, HOUSING AND RESETTLEMENT;
(Pursuant to paragraph g, Sec. 7, Rule V of the Rules of the Senate, all Senate Bills pending in the committee/s, with pertinent documents, transmitted to the Legislative Records and Archives Service, for safekeeping and preservation on July 19, 2016)
(Prepared by the Indexing, Monitoring and LIS Section, Legislative Bills and Index Service)