Practice question
What does Section38(c) state concerning a fee for registering a termination notice?
- No fee shall be charged
- A fee equal to the debt is mandatory
- Only the debtor’s salary determines the fee
- The fee must always equal the collateral’s value
- The creditor may impose any Registry fee
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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