Can I read Maceda Law Refund Guidelines on EtoBox?

Maceda Law Refund Guidelines by lamadridrafael is a document available to read on EtoBox.

What is Maceda Law Refund Guidelines about?

This document summarizes key provisions of the Maceda Law (R.A. 6552) regarding refunds to buyers in defaulted real estate installment contracts. It discusses that for a rescission to be valid, the seller must fully refund the cash surrender value to the buyer within 30 days of notice. Any stipulation that diminishes this right is void. If the buyer refuses refund, payment can be tendered and consigned to court. Ejectment suits are also premature if cancellation was not valid under the law. The document out

Author

lamadridrafael

Language

EN