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Republic Act No. 133

AN ACT TO AUTHORIZE THE MORTGAGE OF PRIVATE REAL PROPERTY IN FAVOR OF ANY INDIVIDUAL, CORPORATION, OR ASSOCIATION SUBJECT TO CERTAIN CONDITIONS

R.A. No. 133 | 1947-06-14

Section    1.    Any    provision    of    law    to    the    contrary notwithstanding, private real property may be mortgaged in favor of any individual, corporation, or association, but the mortgagee  or  his  successor  in  interest,  if  disqualified  to acquire   or   hold   lands   of   the   public   domain   in   the Philippines,  shall  not  take  possession ...