Bill Type
Congress Name
Long Title
AN ACT TO INSTITUTE A SOCIALIZED AND LOW-COST HOUSING LOAN RESTRUCTURING PROGRAM, PROVIDING THE MECHANISMS THEREFOR, AND FOR OTHER PURPOSES
Third Reading Copy link (HRep)
Date filed
May 29, 2008
Scope
All Information (Senate Website)
Legislative History (Senate Website)
Committee Referral (Senate Website)
Legislative History
| House Bill/Resolution NO. HB04220 | |
| REPUBLIC ACT NO. RA09507 | |
| FULL TITLE : AN ACT TO INSTITUTE A SOCIALIZED AND LOW-COST HOUSING LOAN RESTRUCTURING PROGRAM, PROVIDING THE MECHANISMS THEREFOR, AND FOR OTHER PURPOSES | |
| SHORT TITLE : "socialized And Low-cost Housing Loan Restructuring Act Of 2008." | |
| ABSTRACT : Institutes a three (3) year restructuring program for all socialized and low-cost housing accounts with any government financing institution that have at least six (6) months of unpaid monthly amortizations the original amount of which does not exceed P2 million. | |
| PRINCIPAL AUTHOR/S : BIAZON, ROZZANO RUFINO B. | |
| DATE FILED : 2008-05-29 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Susano | 2. Zialcita |
| 3. Villarosa | 4. Nograles |
| 5. Uy (R.A.) | 6. Almario |
| 7. Codilla | 8. Nicolas |
| 9. Teodoro | 10. Chatto |
| 11. Del Mar | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Valencia (090 ) | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB01987 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITEE HEARINGS/ACTIONS: | |
| 1. Committee Report filed on 2008-05-29 | |
| 2. Under Bicameral Conference Committee Deliberation on 2008-08-13 | |
| 3. Under Bicameral Conference Committee Deliberation on 2008-08-19 | |
| 4. Bicameral Conference Report filed on 2008-08-26 | |
| COMMITTEE REPORT NO. 00587 | |
| SUBMITTED ON 2008-05-29 | |
| SUBMITTED BY: HOUSING AND URBAN DEVELOPMENT | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: HB00089, HB00411, HB01932 | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON RULES ON 2008-06-02 | |
| DATE INCLUDED IN OB: 2008-06-02 | |
| DATE CALENDARED : 2008-06-03 | |
| SECOND READING INFORMATION | |
| DATE APPROVED ON SECOND READING : 2008-06-03 | |
| REMARKS : On June 03, 2008, the Body approved to consider the Explanatory Note of the Bill as the sponsorship remarks;terminated the period of sponsorship and debate;approved the amendments as contained in the Ctte. Rpt.,if any,terminated the period of amendments and approved the same on Second Reading. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2008-06-04 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2008-06-11 | |
| HOUSE VOTES: YEAS:198 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2008-06-17 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2008-06-17 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2008-08-06 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2008-08-11 | |
| REMARKS : | |
| CONCOM MEMBERS(HOUSE) : Valencia, Bagatsing, Zialcita, Romulo, Biazon, Chipeco, Rodriguez | |
| CONCOM MEMBERS(SENATE) : Zubiri, Angara, Revilla, Biazon, Aquino | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2008-08-26 | |
| DATE SENATE APPROVED CONCOM REPORT : 2008-08-27 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2008-09-25 | |
| DATE ACTED UPON BY THE PRESIDENT : 2008-10-13 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : A | |
| REPUBLIC ACT NO.: RA09507 | |
| ORIGIN : SENATE | |
| REPUBLIC ACT TITLE: AN ACT TO ESTABLISH A SOCIALIZED AND LOW-COST HOUSING LOAN RESTRUCTURING AND CONDONATION PROGRAM, PROVIDING THE MECHANISMS THEREFOR, AND FOR OTHER PURPOSES |
Abstract
Institutes a three (3) year restructuring program for all socialized and low-cost housing accounts with any government financing institution that have at least six (6) months of unpaid monthly amortizations the original amount of which does not exceed P2 million.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.