SC: Pactum Commissorium is Prohibited

“Pactum Commissorium is prohibited.” – Supreme Court.


The SC emphasized that the prohibition is to protect borrowers from losing properties that may be worth more than their debt.

Furthermore, ownership can only be transferred through foreclosure and a public auction.

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PBBM signs RA 12232

Barangay and Sangguniang Kabataan Officials new fixed term is set to four years!

This newly signed law implements the changes in the Barangay Election. Learn more about Republic Act 12232.

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