OCA CIRCULAR NO. 142-2003, October 10, 2003
OCA CIRCULAR NO. 142-2003, October 10, 2003
OCA Circulars October 10, 2003
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TO:
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ALL EXECUTIVE JUDGES, PRESIDING JUDGES, CLERKS OF COURT
AND BRANCH CLERKS OF COURT IN THE REGIONAL TRIAL COURTS, METROPOLITAN TRIAL COURTS, MUNICIPAL TRIAL COURTS IN CITIES, MUNICIPAL TRIAL COURTS, MUNICIPAL CIRCUIT TRIAL COURTS INCLUDING THE SHARI’A DISTRICT COURTS AND SHARI’A CIRCUIT COURTS. |
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SUBJECT:
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PROHIBITION AGAINST ALLOWING STAGGERED PAYMENTS IN FAVOR OF SURETY COMPANIES.
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Most surety companies with outstanding
obligations with the trial courts have consistently failed to settle
their obligations. Notwithstanding the staggered payment approved by the
courts, surety companies remain to be delinquent in the payment of
their liabilities. Henceforth, staggered payments on these obligations
shall no longer be allowed.
Orders allowing staggered payments on forfeited/confiscated bonds
issued before 16 October 2003, shall remain to be effective; provided
that any default in payment shall render the whole obligation due and
demandable and the liability shall be paid in full.
For strict compliance.
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PRESBITERO J. VELASCO, JR.
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Court Administrator
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