An Act Amending Republic Act No. 6552 Otherwise Known as the Realty Installment Buyer Protection Act
The bill updates the 1972 Realty Installment Buyer Protection Act to give buyers clearer rights, a 30‑day (or 60‑day for low‑income housing) grace period after default, limits penalties, requires refunds minus actual rentals and capped damages, and mandates title transfer within 30 days after full payment.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-1377. Status changes over time; check the link for the latest.
SBN-1377 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.