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Commonwealth Act No. 66

C.A. No. 66 : PHILIPPINE LAWS, STATUTES and CODES : CHAN ROBLES VIRTUAL LAW LIBRARY

COMMONWEALTH ACTS




COMMONWEALTH ACT No. 66

AN ACT PROVIDING FOR THE VERIFICATION FREE OF CHARGE BY JUSTICES OF THE PEACE AS NOTARIES EX OFFICIO, AND FOR THE REGISTRATION FREE OR CHARGE BY REGISTERS OF DEEDS, OF INSTRUMENTS CONCERNING AGRICULTURAL OR CROP LOANS NOT EXCEEDING TWO HUNDRED PESOS MADE TO SMALL FARMERS BY THE PHILIPPINE NATIONAL BANK.

Be it enacted by the National Assembly of the Philippines:

Section 1. Any justice of the peace,1 in his capacity as notary public ex officio, shall render service free of charge to any person applying for an agricultural or crop loan not exceeding two hundred pesos from the Philippine National Bank either in administering the oath or in the acknowledgement of instruments relative to said loan.

Sec. 2. Any register of deeds shall make proper entry in the books and records of his office, free of charge, of any instrument relative to agricultural or crop loans not exceeding two hundred pesos made to any person by the Philippine National Bank.

Sec. 3. This Act shall take effect as provided in section eleven of the Revised Administrative Code.


Approved: October 22, 1936.

Endnotes:


1 Now municipal judge.

2 See RA 1300, section 2 (g) providing that "notarial services in connection with loan application of not more than one thousand pesos shall be free, and in places where the bank has no lawyers, notarial services shall be performed by justice of the peace (now municipal judges) and other government notaries public free of charge."





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