Bill Type
Congress Name
Long Title
AN ACT STRENGTHENING THE IMPLEMENTATION OF THE COMPREHENSIVE AGRARIAN REFORM PROGRAM, AMENDING FOR THIS PURPOSE SECTION 27 OF REPUBLIC ACT NUMBER 6657 AS AMENDED
Date filed
August 7, 2007
Scope
Legislative History
| House Bill/Resolution NO. HB01868 |
| FULL TITLE : AN ACT STRENGTHENING THE IMPLEMENTATION OF THE COMPREHENSIVE AGRARIAN REFORM PROGRAM, AMENDING FOR THIS PURPOSE SECTION 27 OF REPUBLIC ACT NUMBER 6657 AS AMENDED |
| ABSTRACT : This bill seeks to allow farmer-beneficiaries of the Comprehensive Agrarian Reform Law (CARL) to use the certificate of land ownership award (CLOA) as collateral in availing of loans from commercial banks and other financial institutions provided that the loan does not exceed one-fourth of the assessed value of the land or the total amortization the paid by the beneficiary. |
| PRINCIPAL AUTHOR/S : PUENTEVELLA, MONICO O. |
| DATE FILED : 2007-08-07 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE |
| COMMITEE HEARINGS/ACTIONS: |
| 1. Scheduled for first meeting/hearing on 2008-09-03 |
| 2. Under deliberation by the Mother Committee on 2008-09-30 |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON AGRARIAN REFORM ON 2007-08-21 |
Abstract
This bill seeks to allow farmer-beneficiaries of the Comprehensive Agrarian Reform Law (CARL) to use the certificate of land ownership award (CLOA) as collateral in availing of loans from commercial banks and other financial institutions provided that the loan does not exceed one-fourth of the assessed value of the land or the total amortization the paid by the beneficiary.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.