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PRESIDENTIAL DECREE NO. 1923
PRESIDENTIAL DECREE NO. 1923 -
DECLARING AN AMNESTY ON THE PAYMENT OF DELINQUENCY INTERESTS ON OVERDUE
ACCOUNTS OF BENEFICIARIES/AWARDEES/LESSEES OF CERTAIN RESIDENTIAL
LOTS/DWELLING UNITS IN DESIGNATED PROJECTS OF THE NATIONAL HOUSING
AUTHORITY
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WHEREAS, it
is the declared national policy that slum improvement and sites and
services program is the primary strategy for dealing with slums,
squatter areas and other blighted communities in urban areas in order
to achieve affordable and replicable housing schemes for the urban poor;chanroblesvirtualawlibrary
WHEREAS, the National Housing Authority, as the lead agency of the
Ministry of Human Settlements in the implementation of slums
improvement and sites and services program, has disposed either by sale
with mortgage, lease/award or by other modes of disposition residential
lots/dwelling units to qualified marginal and low-income beneficiaries;chanroblesvirtualawlibrary
WHEREAS, these qualified beneficiaries have suffered economic
dislocation as a consequence of the prevailing recession;chanroblesvirtualawlibrary
WHEREAS, under a compassionate society, humanization of laws through
government intervention is necessary to alleviate the suffering of the
poor and allow them a fair chance to stabilize their economic
situations so that they can eventually meet their financial obligations.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution of the
Philippines, do hereby order and decree:cralaw:red
Section 1. All delinquency interests due and payable
as of April 30, 1984 by the beneficiaries/awardees of purely
residential lots/dwelling units in designated projects by the National
Housing Authority as may be determined by its General Manager and
approved by its Board of Directors, are hereby condoned.
Section 2. Beneficiaries/awardees who are entitled to
condonation but have actually paid such delinquency interests on their
outstanding obligation as of April 30, 1984 shall be credited with such
payment on the balance of their principal accounts.
Section 3. All beneficiaries/awardees availing of
this amnesty on the payment of delinquency interest shall, within
ninety (90) days from the publication of the approved rules and
regulations to implement this Decree, settle their respective
outstanding accounts or otherwise agree with the National Housing
Authority on the restructuring of such accounts to determine the new
schedule of amortization payments.
Section 4. Any beneficiary/awardee who fails to
settle his outstanding account or comes to an agreement with National
Housing Authority within the stipulated 90-day period shall not be
entitled to the amnesty prescribed by this Decree and can be summarily
evicted from the homelot/dwelling unit occupied by him.
Section 5. The General Manager of the National
Housing Authority shall promulgate the rules and regulations to
implement this Decree, subject to the approval of the Board of
Directors.
Section 6. This Decree shall take effect immediately.
Done in the City of Manila,
this 6th day of May in the year of Our Lord, nineteen hundred
eighty-four.
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