1. What is the difference between Recto Law and Maceda Law?

The Recto Law is a form that part of the common code. It covers sales of
personal property on installment basis. Recto Law comprises Article 1484 to
1486 of Civil Code. The principal object of Recto law is to prevent abuses in
foreclosure of chattel mortgages, particularly when the mortgagee-creditors
foreclosed the mortgage properties and got them at a lower price, then continues
collecting deficiencies against the mortgagor-debtor. Recto Law also provides for
remedies in case the buyer fails to pay. While Maceda Law is a special law,
especially Republic Act 6552 also know as The Realty Installment Buyer Act, that
governs installment sales of real property. Maceda Law is the law that spreads
out a defaulting buyer’s right in the Philippines concerning his purchase of a real
property, regardless of whether it’s a condominium unit or a house-and-lot unit in
a subdivision development. It is the real state estate equivalent of the Recto Law.
Maceda Law only applies to private land, as it excludes other real states, such
as, industrial lots, commercial buildings and sale to tenants under agrarian laws.
In section 2 of Marceda Law provides that it was enacted to protect buyers of real
estate on installment payments against onerous and oppressive conditions.