This is to inform the general public that, pursuant to LRA Circular No. 12-2021 with subject, “Implementing Guidelines on the Migration and Re-registration in the Personal Property Security Registry of Instruments Affecting Chattel Mortgage and Personal Properties Registered in the Chattel Mortgage Books of Computerized Registries of Deeds” as may be amended from time to continue reading : Migration and Re-registration of Chattel Mortgage Transactions

Republic Act 11057, or the Personal Property Security Act (the “PPSA”), is a new law that provides for the creation, perfection, determination of priority, establishment of an online notice registry (the Personal Property Security Registry or the “PPSR”), and enforcement of security interests in personal/movable property. Under the PPSA, the Land Registration Authority (the “LRA”) continue reading : Validation of Entity Names (revised 2021.04.21)