OCA CIRCULAR NO. 126-2009, September 15, 2009
OCA CIRCULAR NO. 126-2009, September 15, 2009
OCA Circulars September 15, 2009
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TO:
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ALL JUDGES AND CLERKS OF COURT OF THE FIRST AND SECOND LEVEL COURTS
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SUBJECT:
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DISCOUNT ON FILING FEES IN FORECLOSURES INITIATED BY ALL SPECIAL PURPOSE VEHICLE
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Quoted hereunder is a portion of the Resolution of the Supreme Court En Banc
dated 7 July 2009 in A.M. No. 09-6-250-RTC (Re: Request of Atty. Anna
Rosario Paner for Clarification on the Applicability of Sec. 15 of R.A.
9182 as Amended by R.A. 3343), to wit:Untitled Document
dated 7 July 2009 in A.M. No. 09-6-250-RTC (Re: Request of Atty. Anna
Rosario Paner for Clarification on the Applicability of Sec. 15 of R.A.
9182 as Amended by R.A. 3343), to wit:
“(b) GRANT all Special Purpose Vehicle a fifty
percent (50%) discount on the filing fees for any foreclosure initiated
by the Special Purpose Vehicle in relation to any non-performing assets
(NPA) acquired from any financial institutions (Fl), as prescribed by
the Rules of Court on Filing Fees.”
You are therefore directed to apply the grant of discount to all
Special Vehicles on their petitions for judicial and extrajudicial
foreclosures.
September __15__, 2009.
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JOSE P. PEREZ
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Court Administrator
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