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MC-15-02A Amending Revised Implementing Rules and Regulations To Govern Dealers, Beokers and Salesmen of Subdivision
MC-15-02A Amending Revised Implementing Rules and Regulations To Govern Dealers, Beokers and Salesmen of Subdivision
i
Oficc of the President
Housins and Urban Development Coordinating Council
HOUSING AI{D LAND USE R.EGULATORY BOARI)
TO : ALL CONCERTIED
Pursuant to
Section 14 of the Housing and Land Use Regulatory Board
(HLURB) Resolution No. 922, Series of 2014, or the 'Revised Implemenung
iubs 6nd Regulagons to Govem Dealers, Brokers And Salesmen of
Subdivision and Condonrinium Projects Under Presidential Decree No' 957
(P.D. No. 957) Otherwise Known as the 'suMivision and c.ondominium
iluyers' Protective Decree" And All Ottrer Proiects Required By_Law To Be
nelftereO With The Housing and Land Use Regulatory bard", this
nmenaatory and Supplemental Guideline is hereby issued.
Page 1 of 12
fut'^-
Rule I
AMENDMENTS TO iIEMORANDUM
crRcut-AR lro. 02, SERIES OF 2015
1.1 Section 4.L4 of Memorandum Orcular No. 02, Series of 2015 (M.C. No. 02
s. of 2015) which provides for the definition of "Person" and rcads:
Page 2 of 13
W'
Section 2. Place of Registration.
Pursuant hereb, dealers, brokers, salespersons and business firms may apply
for registration with any RFO of the HLURB.
Page 3 of 13
il'tqJ'-
Secdon 3. $rbmissbn of the PRC/PRBRES-Issued Officiat Reeipt or
Claim Stub.
Pursuant hereto, all Regional Freld ffices (RFO) shall henceforth accept
applicaUon fior registration of brokers and salespersons upon submission of
any of the enumerated documenbry requirements under Sections 10.2.3 and
10.3.3, as amended, along with the rest of the requirements respectively
provided under Sections 10. 2 and 10.3 of M.C. No. 02, s. of 2015.
5of13
fr*'
Rule II
Supplemental Guidelines
Section 7. Surety Bond. The surety bond shall be executed in favor of the
HLURB as the OblBee therein. The dealer, broker, salesman, or business firm
applying for registration as the Principal, and the bonding company, as the
Surcty, shall joindy and severally hold and bind themselves b indemniff ttre
Obligee in the event of hilure on the part of the principal to fully ard fraithfully
comply with the terms and conditbns of the registration. A pro.forma copy of
the surety bond is hereb attached as Annex oB".
Any applicant posting a cash bond shall o(ecute and submit an underbking
under oath, staUng that the cash bond posted is conditioned upon the
applicanfs faithful compliance with the provisions of Section 12 of Presidential
Decee No. 957 and that the same may be forfeited in accordance with
Section 16 of M.C. No. 02, s. of 2015. Pruforma opies of the Deed of
Undertaking for dealers, brckers, salespersons and business firms are hereto
attached as Annexes "C" and oD".
All applications for renewal of registration shall be filed with the RFO where
the original registration was filed.
where *RFO" stands fur the HLURB Regional Field ffice issuing the certificate
of regisffation; "A" for mlespersons,'Bo for brokers, "C" for "business firm"
such mrporaUon, partnership, association or ooperaWe, or
*D" for dealets,
whichever is applicable; "MM/YR" for the month and year of issuance of the
certificate of regisffation; and "PRN' for the permanent registration number
of the dealer, broker, salesperson or busirress firm. For o<ample:
Page t of 13
Ail]IEX A
fte negfxC0trcel
RegaorC FCd (ffie
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RFO Address
Pr-lrd hcldSgn*rl
Ocr:gn*in
fhcof fficC,Eusnnsrdfics
Page 9 of 13
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SUR,ETY H)TID
(PRO-riORr )
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Ihc bod dt{
hme emeed tln srrn d
(D_), P|tfrFeOrrclrr.
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lIOTARIZATIOlI
Page 10 of 13
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r b&*a trDred Brrhirlsr tgSrrh.r2|l.l
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Page 11 of 13
AXXEX D
DEED OF IHDERTAr|XG
brr r Sccrhr ll rd l! Jhrdrrill lhrrrc Nr f5t'
r iql|r*f ly Errd trlhir Nr tl S!f...f2aH
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Page 12 of 13
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AilltEX E
LETTER OF WTIEDRAWAL
OFCASEBOITD
hrmr to Scctirs ll ri Il dfirilatid Dccnc No.l|l7,
s ialuad by Band Rrs&ir llo, f!2, Srrirs d20l{
IfeReqixrdffiel
ResaqElFaeldft
to|lrlEand lard llse neodatory Sord
RFO Addrcss
Tlfs is b rtqu€st wf,ft&ad ddre cdt bood po{*ed b,y the udenglrcd / lre of
rcSituEd hlrircss frtn) tnfu lt ltP amrt d
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is be-rg lcquesd by rwt oft
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c A$ortud ncgc*flir d h Orir:sr F-n
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Page 13 of 13