Practice question
The grantor requests the unpaid secured balance and a list of assets currently subject to the interest. It has not received a free reply in the past six months. What Section37 protection applies?
- A reply without charge once every six months
- No right to that information ever exists
- A mandatory fee equal to half the debt
- Only a stranger may ask
- The creditor may replace the list with any unrelated brochure
Legal references
- RA11057 PPSA: https://lawphil.net/statutes/repacts/ra2018/ra_11057_2018.html Sections28(f),29,34–43.
- LRA Circular02-2025 PPSR operationalization: https://lra.gov.ph/wp-content/uploads/2025/07/02-2025-OPERATIONALIZATION-OF-THE-PERSONAL-PROPERTY-SECURITY-REGISTRY.pdf PPSR operation commenced February3,2025.
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