RA 11597 (Philippine Veterans Bank Act) Section 19

Right of Redemption of Property Foreclosed.

Section 19

SEC. 19. Right of Redemption of Property Foreclosed. – The mortgage shall have the right, within one (1) year after the sale of the real estate as a result of the foreclosure of a mortgage, to redeem the property by paying the amount fixed by the court in the order of execution, with interest thereon at the rate specified in the mortgage, and all the costs and other judicial expenses incurred by the Veterans Bank by reason of the execution and sale, and for the custody of said property.

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Other provisions in RA 11597 (Philippine Veterans Bank Act)

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 11597 (Philippine Veterans Bank Act) Section 19 (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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