About this document
Understanding the Maceda Law: Buyer Protections by Shimi Fortuna is a document available to read on EtoBox.
The Realty Installment Buyer Act, also known as the Maceda Law, was established to protect buyers of real estate purchased through installment payments. It covers the sale of residential real properties payable in installments. The law grants buyers rights such as paying the balance of the loan without interest within a grace period if they have paid installments for over two years. It also entitles buyers to a cash surrender value refund if the contract is cancelled due to non-payment.
- Author
- Shimi Fortuna
- Language
- EN