BSP Memoranda BSP Memoranda No. M-2007-042BSP Memoranda No. M-2007-042 2007-12-18T00:00:00.000+08:00
Certificates of Title to properties or collaterals securing loans
MEMORANDUM NO. M-2007-042
To: All Banks
Subject: Certificates of Title to properties or collaterals securing loans
Pursuant to Monetary Board Resolution No. 1331dated 22 November 2007, banks are reminded that in all cases where the Certificates of Title to properties has been mortgaged or used as collateral to secure a loan, such Certificate of Title or collateral shall be returned to the borrower upon full payment of said loan unless the borrower has specific instructions to the contrary.
For information and guidance.
AMANDO M. TETANGCO, JR. Governor
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