Practice question
A collector treats an RPT delinquency as authority to charge monthly interest indefinitely. Assume no amnesty or other relief. State the Section255 rate and limitation and apply them to a charge spanning fifty months.
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Sections247–249,254–255.
- RA12001 Real Property Valuation and Assessment Reform Act: https://lawphil.net/statutes/repacts/ra2024/ra_12001_2024.html Section30, qualifying amnesty limits.
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