March 28, 1978

CIRCULAR-LETTER

Hon. Conrado F. Estrella
Secretary
Department of Agrarian Reform
Diliman, Quezon City

Dear Secretary Estrella:

In reply to your memorandum dated March 10, 1978 concerning certificates of Land Transfer used as collateral for loans, we are pleased to furnish you herewith a copy of a Circular-Letter dated March 27, 1978 advising all banks of your request.   aSIETH

We are happy to be of assistance to you.

Very truly yours,

(SGD.) G.S. LICAROS
Governor

March 27, 1978

CIRCULAR-LETTER

TO                :     All Banks

Quoted below for your guidance is the text of a memorandum dated March 10, 1978 from the Secretary of the Department of Agrarian Reform, to wit:

"SUBJECT :    Certificates of Land Transfer used as collateral for loans

It is requested that action be taken to notify all banks within your jurisdiction that prior to acceptance of the Certificates of Land Transfer (CLT) issued pursuant to PD No. 27 as collateral for loans, a certification be first secured from the offices of the Register of Deeds to the effect that the CLT being presented is still valid. These offices are the official repository of these records and, therefore, are the only ones in a position to provide this service.

(SGD.) CONRADO F. ESTRELLA
Secretary"

  CTEaDc

Please be guided accordingly.

(SGD.) G. S. LICAROS
Governor

March 27, 1978