Practice question
A valid mortgage over registered land does not divest the owner's title. Must registration of that interest itself result in issuance of a new ownership certificate to the mortgagee?
- Yes, every registered interest transfers full ownership
- No, Section 54 provides registration of interests less than ownership by filing and memorandum rather than a new ownership certificate
- Yes, unless the mortgagee waives every right
- No, because mortgages cannot be registered
- Yes, because the loan makes the land ownerless
Legal references
- PD 1529 Sections 51–56 and 112: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html
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