April 17, 1978
MEMORANDUM
TO : All Regional Directors
This Department
SUBJECT : Procedure for the Registration of the Deed of Assignment
Attached are copies of Land Registration Commission (LRC) Circular No. 326 dated April 4, 1978 providing procedure for the registration of the Deed of Assignment covering landholdings affected by Presidential Decree No. 27. acCTIS
You are hereby directed to disseminate this information to your fieldmen and instruct them to lend their assistance in the implementation of this order.
FOR THE SECRETARY:
(SGD.) BENJAMIN R. LABAYEN, CESO I
Assistant Secretary
Attached: as stated
Copy furnished:
Land Bank of the Philippines Intramuros, Manila
ATTACHMENT
Republika ng Pilipinas
Kagawaran Ng Katarungan
KOMISYON SA PATALAAN NG LUPAIN
(LAND REGISTRATION COMMISSION)
Lungsod ng Quezon
April 4, 1978
TO : All Registers of Deeds and
Branch Deputy Registers of Deeds
SUBJECT : Procedure for the registration of the Deed of Assignment
In order to facilitate payment of compensation to landowners who have been affected by Presidential Decree No. 27, the guidelines indicated below shall be followed: TCDHIc
1. The Department of Agrarian Reform automated system produces a "Masterlist of Parcels Per Title" for each titled property that is being processed for payment of compensation. The list indicates all lands that have been affected within a specified area and provides data on the tenant's name, certificate of land transfer number and other relevant information. The Masterlist shall be kept as a permanent record in the Registry of Deeds to support any action taken involving the Certificates of Land Transfer listed therein. The Department of Agrarian Reform will issue a copy of the Masterlist to the Land Registration Commission which shall transmit the same to the Register of Deeds concerned.
2. Whenever a Register of Deeds is requested to register a Deed of Assignment executed by a landowner in favor of the Land Bank of the Philippines, he shall utilize the Masterlist as a land transaction register which in effect will authorize him to annotate the Deed of Assignment on the Torrens Certificate of Title covering the property, if it is titled, indicating thereon the date and page number of the Masterlist on which the Certificate of Land Transfer involved is listed. If the parcel of land subject of the Deed of Assignment is untitled he shall record the Certificate of Land Transfer affected in the record book for Certificates of Land Transfer for untitled property using the Masterlist of Parcels Per Title as a basis and shall enter a memorandum of said Deed of Assignment in said record book indicating therein the date and page number of the Masterlist. The Register of Deeds shall sign or initial each page of the Masterlist to indicate that action has been taken affecting the same.
3. The Deed of Assignment executed by the landowner in favor of the Land Bank of the Philippines shall be registered even without the owner's duplicate of the Torrens Certificate of Title and the owner's copy of the Certificate of Land Transfer and the copy transmitted by the Land Registration Commission to the Register of Deeds concerned.
4. In the event that a new transfer certificate of title is requested to be issued in favor of the Land Bank of the Philippines, the owner's duplicate copy of the affected Torrens Title shall be surrendered and all other registration requirements shall be complied with.
Strict compliance herewith is enjoined.
(SGD.) SANTIAGO M. KAPUNAN
Acting Commissioner