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Republic Act 9182: The Special Purpose Vehicle (SPV) Act of 2002 full text

by Jay Castillo on August 31, 2011 · 2 comments

in RA 9182 - SPAV Law

Republic Act 9182, also known as The Special Purpose Vehicle (SPV) Act of 2002, was signed into law to help Philippine banks get rid of their non-performing assets or NPAs. By helping banks clean up their balance sheets, RA 9182, which is also often referred to as the SPAV law, aims to help stimulate the [...]

PRC accreditation guidelines for Real Estate Salespersons published

by Jay Castillo on August 20, 2011 · 6 comments

in RA 9646 - RESA Law, Real Estate News

The guidelines for the PRC accreditation of Real Estate Salespersons was finally published last August 16, 2011, through Resolution No. 13 (Series of 2011), of the Professional Regulatory Board of Real Estate Service or PRBRES. The said resolution is an amendment to Section 31, Rule 4 of PRBRES Resolution No. 2 (Series of 2010), which is the Implementing [...]

Act No. 3135 – An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages (full text)

by Jay Castillo on December 14, 2009 · 10 comments

in Act 3135 - Extrajudicial foreclosures, Real Estate Laws

I attended a seminar on how to prevent foreclosures more than a year ago and I often heard the speaker talk about Act No. 3135 which is An Act to Regulate the Sale of Property under Special Powers Inserted in or Annexed to Real Estate Mortgages. I can’t remember exactly who gave the seminar because [...]