Section 1. Sec. one
hundred and ninety-eight of the Revised Administrative Code is hereby
amended to read as follows:
"Sec.
198. Registration of chattel mortgages and fees
collectible in connection therewith. — Every register of deeds shall
keep a book of records of chattel mortgages; shall certify on each
mortgage left for record the date, hour, and minute when the same was
by him received: record in such book any chattel mortgage, transfer, or
discharge, which shall be presented to him in duplicate, the original
to be filed and the duplicate to be returned to the person concerned.
The record shall be effected by
making an entry, which shall be given a correlative number, setting
forth the names of the mortgagee and the mortgagor, the sum or
obligation guaranteed, date of the instrument, name of the notary
acknowledging the same, and a note that the property mortgaged is
mentioned in detail in the instrument filed, giving the proper file
number thereof.
The register shall also certify
the officer's return of sale upon any mortgage, making reference upon
the margin of the record of such officer's return to the volume and
page of the record of the mortgage, and a reference of such return on
the record of the mortgage itself, and give a certified copy thereof,
when requested, upon the payment of the lawful fees for such copy; and
certify upon each mortgage officer's return of sale or discharge of
mortgage, both on the original and on the duplicate, the date, hour,
and minute when the same is received for record and record such
certificate with the return itself and keep an alphabetical index of
mortgagors and mortgagees, which record and index shall be open to
public inspection.
Duly certified copies of such
records and of filed instruments shall be receivable as evidence in any
court.
A register of deeds shall
collect the following fees for services under this Sec.:
(a)
For record of filing of any document, fifty centavos.
(b) For filing
and recording each chattel mortgage, including the necessary
certificates and affidavits, the fees established in the following
schedule shall be collected:
1.
When the amount of mortgage does not exceed six thousand pesos, three
pesos for the first five hundred pesos or fractional part thereof, and
one peso for each additional five hundred pesos or fractional part
thereof.
2. When the
amount of the mortgage is more than six thousand pesos but does not
exceed thirty thousand pesos, seventeen pesos for the initial amount
not exceeding eight thousand pesos, and three pesos for each additional
two thousand pesos or fractional part thereof.
3. When the
amount of the mortgage is more than thirty thousand pesos but does not
exceed one hundred thousand pesos, fifty-five pesos for the initial
amount not exceeding thirty-five thousand pesos and five pesos for each
additional five thousand pesos or fractional part thereof.
4. When the
amount of the mortgage is more than one hundred thousand pesos, but
does not exceed five hundred thousand pesos, one hundred and
twenty-seven pesos for the initial amount not exceeding one hundred ten
thousand pesos, and seven pesos for each additional ten thousand pesos
or fractional part thereof.
5. When the
amount of the mortgage is more than five hundred thousand pesos, four
hundred ten pesos for the initial amount not exceeding five hundred
twenty thousand pesos, and ten pesos for each additional twenty
thousand pesos or fractional part thereof.
(c) For
recording each instrument of sale, conveyance and transfer of a
mortgage credit, whatever be the amount, three pesos.
(d) For
recording each notice of embargo, including the necessary index and
annotations, three pesos.
(e) For
recording each release of mortgage, including the necessary index and
references, one peso.
( f ) For
recording each release of embargo, including the proper annotations,
one peso.
(g) For
recording each sheriff's return of sale, including the index and
references, for each one hundred words, two pesos.
(h) For
certified copies of records, such fees as are allowed by law copies of
records kept by the register of deeds.
(i) For
issuing a certificate relative to, or showing the existence or
non-existence of an entry in the registration book, or a document on
file, for each certificate containing not more than two hundred words,
two pesos; if it exceeds that number, an additional fee of thirty
centavos shall be collected for every one hundred words in excess of
the first two hundred."
Sec. 2. This
Act shall take effect upon its approval.
Approved: June 7, 1947.
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