Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTIONS 27 AND 71 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1998 THEREBY LIFTING THE RESTRICTION ON THE RIGHT OF FARMER-BENEFICIARIES TO MORTGAGE AND/OR ENCUMBER THE LANDS AWARDED TO THEM UNDER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM AND ALLOWING THE SUBMISSION OF THE CERTIFICATE OF LAND OWNERSHIP AWARD AS SUFFICIENT COLLATERAL FOR LOANS ENTERED INTO WITH BANKS AND/OR FINANCIAL INTERMEDIARIES
Text as filed (link)
Date filed
July 1, 2013
Scope
Legislative History
| House Bill/Resolution NO. HB00474 | |
| FULL TITLE : AN ACT AMENDING SECTIONS 27 AND 71 OF REPUBLIC ACT NO. 6657, OTHERWISE KNOWN AS THE COMPREHENSIVE AGRARIAN REFORM LAW OF 1998 THEREBY LIFTING THE RESTRICTION ON THE RIGHT OF FARMER-BENEFICIARIES TO MORTGAGE AND/OR ENCUMBER THE LANDS AWARDED TO THEM UNDER THE COMPREHENSIVE AGRARIAN REFORM PROGRAM AND ALLOWING THE SUBMISSION OF THE CERTIFICATE OF LAND OWNERSHIP AWARD AS SUFFICIENT COLLATERAL FOR LOANS ENTERED INTO WITH BANKS AND/OR FINANCIAL INTERMEDIARIES | |
| ABSTRACT : Lifts the restrictions in the Comprehensive Agrarian Reform Law that prohibits farm workers from using the lands awarded to them as collateral for any loan transaction, thus enhancing their chances of gaining credit to equip them with the necessary tools to improve their living conditions. | |
| PRINCIPAL AUTHOR/S : GUANLAO, AGAPITO H. | |
| DATE FILED : 2013-07-01 | |
| SIGNIFICANCE: NATIONAL | |
| NATURE : Welfare | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Co (037 2014-01-20) | 2. Batocabe (037 2014-01-20) |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON AGRARIAN REFORM ON 2013-07-23 |
Abstract
Lifts the restrictions in the Comprehensive Agrarian Reform Law that prohibits farm workers from using the lands awarded to them as collateral for any loan transaction, thus enhancing their chances of gaining credit to equip them with the necessary tools to improve their living conditions.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.