Government Assistance on Documentation and Registration.
Section 16
SEC. 16. Government Assistance on Documentation and Registration. — Any city or municipal judge in his capacity as notary public ex officio shall administer oath to or act upon the instruments of the Amanah Bank, its borrowers or mortgagors, free from all charges, fees, and documentary stamp tax, collectible under existing laws, relative to any loan or transaction not exceeding five thousand pesos. Any Register of Deeds shall accept from the Amanah Bank and its borrowers or mortgagors for registration free from all charges, fees, and documentary stamp collectible under existing laws, any instrument, whether voluntary or involuntary, relating to loans or transactions extended by the Bank in an amount not exceeding five thousand pesos : Provided, however, That charges, if any, shall only be collectible on the amount in excess of five 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 five thousand pesos of the consideration in the assignment of each mortgage.