Practice question
In 2026, a creditor sues solely to collect a PHP1.5 million loan principal. No special jurisdictional law applies, and no incidental interest or costs affect the stated principal. Which court level has original jurisdiction under RA11576?
- The RTC because every claim above PHP1 million goes there.
- The Court of Appeals originally.
- The Supreme Court originally.
- The appropriate first-level court.
- The SEC because the loan is a financial transaction.
Legal references
- https://lawphil.net/statutes/repacts/ra2021/ra_11576_2021.html — RA11576 §§1–4 amending BP129.
- https://sc.judiciary.gov.ph/sc-issues-rules-on-expedited-procedures-in-the-first-level-courts/ — Supreme Court, March2 2022, AM08-8-7-SC summary of current expedited procedures.
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