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The Register Deeds vs. Anglo Sr.

THE REGISTER OF DEEDS OF NEGROS OCCIDENTAL AND THE NATIONAL TREASURER OF THE REPUBLIC OF THE PHILIPPINES, PETITIONERS, VS. OSCAR ANGLO, SR., AND ANGLO AGRICULTURAL CORPORATION, REPRESENTED BY OSCAR ANGLO, JR., RESPONDENTS.

G.R. No. 171804 | 2015-08-05

DECISION
 
LEONEN, J.:
 
The Assurance Fund is part of our property registration system covered by Presidential Decree No. 1529.[1] Its purpose is to protect individuals who rely on a property's certificate of title as evidence of ownership. A claim from the fund must meet the strict requirements of Presidential Decree No. 1529:
 
SEC. 95. Action for compensation from funds. — A person who, without negligence on his part, sustains loss or damage, or is deprived of land or any estate or interest therein in consequence of the bringing of the land under the operation of the Torrens system of arising after original...