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RA 1097 Section 6

RA 1097 Section 6

Section 6

SEC. 6. Section seventeen of the same Act is 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 two thousand pesos: Provided, however, That charges if any shall only be collectible on the amount in excess of two 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 two thousand pesos of the consideration in the assignment of each mortgage."

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Other provisions in RA 1097

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 1097 Section 6 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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