On August 9, 2024, key stakeholders gathered at the Bankers Association of the Philippines (BAP) Conference Room to discuss important Personal Property Security Registry (PPSR) updates. Hosted by the Land Registration Authority (LRA), to address issues related to land registration and title concerns, focusing on improving the process through the development of the PPSR system. In attendance were delegates from various financial institutions, including rural banks and the Chamber of Thrift Banks, alongside stakeholders interested in land titling and property registration policies.

Deputy Administrator Bonifacio opened the meeting providing updates on the PPSR system and laying out the agenda for the discussion. Atty. Villena followed with an overview of the Personal Property Security Act (PPSA), while Assistant Secretary Jose Arturo R. Malvar gave an in-depth presentation on how the PPSR system will function. He emphasized the importance of stakeholders preparing their systems for API integration, as well as the availability of a sandbox environment to test the system and its processes. Participants were also given a demonstration of key features like online payments, notice creation, and registration.

This event focused on improving the land registration and titling process, would not have been possible without the guidance and leadership of LRA Administrator Gerardo Panga Sirios, whose direction continues to steer the agency’s efforts toward more efficient and accessible property registration services. The LRA remains committed to enhancing land registration policies and ensuring seamless integration with the PPSR system for the benefit of all stakeholders.