Section 4
SEC. 4. Section 17 of the same Act, as amended, is hereby amended to read as follows: "SEC. 17. Any Register of Deeds shall accept from any Rural Bank and its borrowers or mortgagors for registration, free from all charges, fees and documentary stamp tax, collectible under existing laws, any instrument, whether voluntary or involuntary, relating to loans or transactions extended by a Rural Bank in an amount not exceeding Ten thousand pesos: Provided, however, That charges, if any, shall only be collectible on the amount in excess of Ten thousand pesos; and that in instruments related to assignments of several mortgages consolidated in a single deed, charges or fees, if any, shall be levied only on the amount in excess of Ten thousand pesos of the consideration in the assignment of each mortgage, or such amount as the Secretary Board, may prescribe as may be necessary to promote and expand the rural economy."