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Note: The purpose of the law is to protect buyers in installment against oppressive conditions.
2. Exclude:
a. Pay without interest the balance within grace period of 1 month for every year of installment payment. Grace period to be
exercised once every 5 years.
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b. When no payment – cancelled; buyer entitled
1/9/2019 to 50%INSTALLMENT
REALTY of what he has paidACT-
BUYER + 5%Maceda
for every
Law year but not exceeding 90% of
(/)
payments made
Note: Cancellation to be e ected 30 days from notice & upon payment of cash surrender value.
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Episode 4: September
1/9/2019 4: 21, 2018 REALTY INSTALLMENT BUYER ACT- Maceda Law
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1/9/2019 REALTY INSTALLMENT BUYER ACT- Maceda Law
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