EXECUTIVE ORDER NO. 84
EXECUTIVE ORDER NO. 84 - DIRECTING
THE NATIONAL HOUSING AUTHORITY TO SUSPEND THE COLLECTION OF
AMORTIZATION ARREARAGES AND DELINQUENCY INTEREST CHARGES ON PAST DUE
ACCOUNTS OF THE BENEFICIARIES OF SOCIAL HOUSING LOTS IN DESIGNATED
PROJECTS AND TO GRANT A MORATORIUM ON THE EVICTION OF LEGAL
OCCUPANTS/AWARDEES OF SOCIAL HOUSING LOTS WHO HAVE NOT APPROPRIATE
SALES/LEASE CONTRACTS
WHEREAS,
the government’s priority concern is the welfare of marginal and low
income families who are the intended beneficiaries of the National
Shelter Program;
NOW THEREFORE, I, CORAZON C. AQUINO, President of the Philippines, do
hereby order:
Section 1. The National Housing Authority shall
suspend the collection of amortization arrearages and delinquency
interests due and demandable as of December 31, 1986 from the
beneficiaries of social residential lots in projects as may be
determined by its General Manager and approved by its Board of
Directors, taking into consideration the welfare of the marginal and
low income families who are the intended beneficiaries of the National
Shelter Program: Provided, That concerned beneficiary families pay in
full their respective amortization payments for January, 1987 on or
before February 5, 1987 and maintain their accounts up-to-date through
the regular payment of amortizations (principal and interest)
thereafter.
Sec. 2. To qualify for coverage under this
Executive Order, beneficiary families shall acknowledge their
respective amortization arrearages and delinquency interests, and shall
agree that in the event that their accounts fall into arrears for at
least three (3) consecutive months thereafter, all arrearages including
those whose payment has been deferred under this Executive Order shall
become immediately due and demandable. The new principal balances for
the said accounts shall be principal amounts outstanding as of December
31, 1986 and the monthly amortizations shall remain the same as those
in the original contract documents.
Sec. 3. The repayment periods as specified in the
original contract documents for the delinquent accounts of the
beneficiaries of social residential lots in designated projects as
defined in Section 1 above, shall be extended by a period equivalent to
the number of monthly payments that are past due as of 31 December
1986. All other provisions of the contracts between the said
beneficiaries and the National Housing Authority not related to the
above amendment shall remain in force.
Sec. 4. The National Housing Authority shall grant
a moratorium on the eviction of legal occupants/awardees of social
residential lots in the designated projects as defined in Section 1
hereof who have not signed appropriate sale/lease contracts. All such
beneficiary-families shall enter into legal contracts with the National
Housing Authority on or before January 5, 1987, the date of expiry of
this moratorium. Any legal awardee who fails to enter into such a
contract within the prescribed time period henceforth shall be
considered as a squatter on the lot and shall be evicted therefrom.
Sec. 5. The National Housing Authority through the
General Manager shall issue the implementing guidelines for this
Executive Order.
Sec. 6. All laws, orders, issuance, rules and
regulations or parts thereof inconsistent with this Executive Order are
hereby repealed or modified accordingly.
Sec. 7. This Executive Order shall take effect
immediately.
Manila, December 10, 1986.
chanrobles virtual law library
Back to Main
chan
robles virtual law library
Since 19.07.98.