LAND REGISTRATION AUTHORITY (LRA) ELECTRONIC REGISTRATION OF TRANSACTIONS ON CHATTEL MORTGAGE
National Administrative Register May 4, 2009 [ LTO MEMORANDUM CIRCULAR NO. ACL-2009-1158, May 20, 2009 ]
Attached is a letter[*]
from M r. Benedicto B. Ulep, Administrator, Land Registration Authority
dated May 4, 2009 citing reports that LTO does not recognize the new
Official Receipt and the electronic stamp in the relevant chattel
mortgage being issued by LRA to its clients.
from M r. Benedicto B. Ulep, Administrator, Land Registration Authority
dated May 4, 2009 citing reports that LTO does not recognize the new
Official Receipt and the electronic stamp in the relevant chattel
mortgage being issued by LRA to its clients.
Hence, LRA advises LTO and furnishes this Office copies of the
Implementing Guidelines on Electronic Registration of Chattel Mortgage
and Other Personal Properties officially published on January 17, 2009
in the Philippine Daily Inquirer and LRA Circular No. 04-2009 approved
on March 17, 2009, relative to collection of IT Service Fees.
I n this connection, you are advised to recognize the new Official
Receipt being issued to LRA’s clients and the electronic stamp in the
relevant Chattel Mortgage documents.
For your information, guidance and compliance.
Adopted: 20 May 2009
(SGD.) A RTURO C. LOMIBAO
Assistant Secretary
[*] Text Available at Office of the National Administrative Register, U. P. Law Complex, Diliman, Quezon City.