LRA speeds up up­grade for 24.5 M land ti­tles in se­ries of road­shows

Manila Bulletin - - Business News -

The Land Reg­is­tra­tion Au­thor­ity (LRA) has re­cently ac­cel­er­ated its ef­forts for a na­tion­wide launch of the Ti­tle Up­grade Pro­gram (TUP) by hold­ing a se­ries of road­shows with its key stake­hold­ers. These road­shows will serve as venues for LRA to con­sult and dis­cuss with banks, real es­tate de­vel­op­ers and gov­ern­ment-owned and -con­trolled cor­po­ra­tions (GOCCs) the en­hance­ments on the se­cu­rity and safety of land ti­tles when land own­ers up­grade their man­u­ally is­sued land ti­tles into eTi­tles.

There are 24.5 mil­lion land ti­tles all over the coun­try, a frac­tion which are cur­rently be­ing con­verted as dig­i­tized ti­tles.

The road­shows are set on Novem­ber 22 and 29, 2017 at the Sulo Riviera Ho­tel, Que­zon City and on Novem­ber 27, 2017 at the Banker’s As­so­ci­a­tion of the Philip­pines (BAP) of­fice. The Novem­ber 22 and 27 road­shows will tar­get banks and fi­nan­cial in­sti­tu­tions while the Novem­ber 29 road­show will cater to LRA’s part­ner GOCCs and real-es­tate de­vel­op­ers.

“The Ti­tle Up­grade Pro­gram was launched to safe­guard the se­cu­rity and in­tegrity of the cer­tifi­cate of land ti­tle, which is the best proof of own­er­ship over a land,” LRA Deputy Ad­min­is­tra­tor Robert No­mar Leyre­tana said.

Leyre­tana adds that the pro­gram is part of LRA’s Land Titling Com­put­er­i­za­tion Project (LTCP) which seeks to se­cure all pa­per doc­u­ments, have them con­verted into dig­i­tal copies and estab­lish an elec­tronic data­base par­al­lel to the phys­i­cal copy. “With this, LRA is pur­su­ing a bet­ter way to safely store, ar­chive and re­trieve land records,” he said.

The ti­tle up­grade pro­gram is cur­rently be­ing im­ple­mented in 24 Reg­istry of Deeds Of­fices (RDs), namely: Dagu­pan City, Legazpi City, La­guna, San Car­los, Batan­gas, Romblon, Min­doro Oc­ci­den­tal, Catan­d­u­anes, Que­zon City, Marik­ina City, Iloilo, Iloilo City, Cebu, Cebu City, Cota­bato City, Bili­ran, Gin­goog City, Misamis Oc­ci­den­tal, Maguin­danao, Camiguin, Lanao del Sur, Zam­boanga del Sur, and Agu­san del Sur.

When landown­ers and ti­tle hold­ers present an an­no­ta­tion trans­ac­tion with the RD, the man­u­ally is­sued ti­tles will be au­to­mat­i­cally up­graded into an eTi­tle. Once dig­i­tized, the vault copy of the ti­tle will be free from the risk of theft, loss or dam­age. Un­like pa­per ti­tles, eTi­tles are se­cured from nat­u­ral and man-made dis­as­ters.

LRA in­tends to work with banks, real es­tate de­vel­op­ers and GOCCs through a signed a mem­o­ran­dum of agree­ment (MOA) to set in mo­tion the Au­thor­ity’s ef­forts for more ef­fi­cient and re­li­able land reg­is­tra­tion pro­ce­dures.

“We hope to forge part­ner­ships with our stake­hold­ers so that the pub­lic will be able to find easier ac­cess in con­vert­ing their man­u­ally is­sued ti­tles to eTi­tles,” LRA Deputy Ad­min­is­tra­tor Ron­ald Or­tile pointed out.

Through the MOA sign­ing with its key stake­hold­ers, mil­lions of the man­u­ally is­sued ti­tles will un­dergo data con­ver­sion process and be stored in LRA’s data­base prior to con­ver­sion to eTi­tles.

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