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    HLF729 ChecklistRequirementReleaseProceedsDeveloper V03

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    ivy
    The document outlines the requirements for releasing loan proceeds to a developer through check, including documents needed prior to release such as title certificates, tax declarations, loan documents, and acceptance certificates. It also lists the requirements for check releasing, such as an authorization letter, official receipt, and valid IDs of the authorized representative. All original documents must be presented for authentication of photocopies.

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    © All Rights Reserved
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    HLF729 ChecklistRequirementReleaseProceedsDeveloper V03

    Uploaded by

    ivy
    54 views3 pages
    The document outlines the requirements for releasing loan proceeds to a developer through check, including documents needed prior to release such as title certificates, tax declarations, loan documents, and acceptance certificates. It also lists the requirements for check releasing, such as an authorization letter, official receipt, and valid IDs of the authorized representative. All original documents must be presented for authentication of photocopies.

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    HLF729_ChecklistRequirementReleaseProceedsDeveloper_V03

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    The document outlines the requirements for releasing loan proceeds to a developer through check, including documents needed prior to release such as title certificates, tax declarations, loan documents, and acceptance certificates. It also lists the requirements for check releasing, such as an authorization letter, official receipt, and valid IDs of the authorized representative. All original documents must be presented for authentication of photocopies.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    54 views3 pages

    HLF729 ChecklistRequirementReleaseProceedsDeveloper V03

    Uploaded by

    ivy
    The document outlines the requirements for releasing loan proceeds to a developer through check, including documents needed prior to release such as title certificates, tax declarations, loan documents, and acceptance certificates. It also lists the requirements for check releasing, such as an authorization letter, official receipt, and valid IDs of the authorized representative. All original documents must be presented for authentication of photocopies.

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    HQP-HLF-729

    (V03, 12/2020)

    CHECKLIST OF REQUIREMENTS FOR RELEASE OF LOAN PROCEEDS


    TO THE DEVELOPER THROUGH CHECK

    REQUIRED DOCUMENTS WHERE TO SECURE


    A. REQUIREMENTS PRIOR TO LOAN RELEASE
    1. Individual TCT/CCT covering the subject house and lot Registry of Deeds
    package/condominium unit with Deed of Assignment of
    CTS with SPA (With Buyer’s Conformity) duly annotated
    thereon (Owner’s Duplicate Copy) (1 original copy)
    - In case of discrepancy in name and other personal
    circumstances of owner/s or errors in technical
    description, registration of judicial correction or
    annotation of affidavit of correction.

    2. TCT/CCT covering the subject property (Certified True Registry of Deeds


    Copy) in the name of the developer or owner of land, in
    case of Joint Venture, free from any lien and/or
    encumbrances, except for the mortgage annotation of
    Pag-IBIG Fund (RD’s Copy) (1 original copy)
    - In case of discrepancy in name and other personal
    circumstances of owner/s or errors in technical
    description, registration of judicial correction or
    annotation of affidavit of correction.

    3. Updated Tax Declaration (House/s and Lot/s) and Assessor’s Office/ Municipal’s Office/Local
    Updated Real Estate Tax Receipt as of the quarter Government Unit (LGU)
    immediately preceding the date of submission of
    documents in compliance to Notice of Approval. (2
    photocopies)

    4. Loan Mortgage Documents


    a. Notarized Deed of Assignment of CTS with SPA (With Pag-IBIG Branch
    Buyer’s Conformity) duly registered with Registry of
    Deeds and bearing the original RD stamp (HQP-HLF-
    523). (3 original copies)

    b. Duly Notarized Promissory Note (HQP-HLF-086/087). Pag-IBIG Branch


    (3 original copies)

    c. Pre-signed Deed of Absolute Sale (6 original Pag-IBIG Branch


    copies)/Pre-signed Deed of Absolute Sale (HQP-HLF-
    278) (6 original copies) for developers with Joint
    Venture Agreement/Special Power of Attorney.

    d. Disclosure Statement on Loan Transaction with Pag-IBIG Branch


    conformity of the borrower and spouse and the co-
    borrower and spouse, if applicable (HQP-HLF-085).
    (1 original copy and 2 photocopies)
    e. Signed Notice of Approval with conformity of the Pag-IBIG Branch
    borrower and spouse and the co-borrower and
    spouse, if applicable (HQP-HLF-522). (1 original copy
    and 2 photocopies)
    f. Pre-signed Loan and Mortgage Agreement (HQP- Pag-IBIG Branch
    HLF-162/163). (7 original copies)
    HQP-HLF-729
    (V03, 12/2020)

    REQUIRED DOCUMENTS WHERE TO SECURE


    5. Certificate of Acceptance (HQP-HLF-083). (1 original Pag-IBIG Branch
    copy and 1 photocopy)
    6. Occupancy Permit (1 photocopy) Assessor’s Office/Municipal’s Office/LGU
    7. Authority to Deduct Loan Amortization (HQP-HLF- Pag-IBIG Branch
    124/634) (1 original copy) for employers with existing
    CSA and in case that payment is through salary
    deduction.

    8. Proof of Income (In case there are changes with the Borrower
    submitted proof of income upon housing loan application
    under Window 2)

    Please refer to the list of proof of income indicated in the


    Checklist of Requirements for Pag-IBIG Housing
    Application for Window 2 Accounts (HQP-HLF-728)

    NOTE: In all instances wherein photocopies are submitted, the original document must be presented
    for authentication.
    B. CHECK RELEASING REQUIREMENTS
    1. Authorization letter for the Representative/ Secretary Developer
    Certificate. (1 original copy)

    2. Official Receipt issued by the Developer/ Company/ Developer/ Issuing Bank


    Bank or Validated deposit slip. (1 original copy)

    3. Two (2) valid IDs of the Authorized Representative (1


    photocopy each, back-to-back). Any of the following:
    - Passport Department of Foreign Affairs (DFA)
    - Driver’s License Land Transportation Office (LTO/Host
    Country)
    - Professional Regulation Commission (PRC) ID Professional Regulation Commission (PRC)
    - Integrated Bar of the Philippines (IBP) ID Integrated Bar of the Philippines (IBP)
    - National Bureau of Investigation (NBI) Clearance National Bureau of Investigation (NBI)
    - Police Clearance Local Police Station
    - Postal ID Post Office
    - Voter’s ID Commission on Election (COMELEC)
    - Government Service Insurance System (GSIS) e- Government Service Insurance System (GSIS)
    Card
    - Social Security System (SSS) Card Social Security System (SSS)
    - Senior Citizen Card Local Government Unit (LGU)/ Office of Senior
    Citizen Affairs (OSCA)
    - Overseas Workers Welfare Administration (OWWA) Overseas Workers Welfare Administration
    ID (OWWA)
    - Overseas Filipino Worker (OFW) ID Philippine Overseas Employment
    Administration (POEA)
    - Seaman’s Book or Seafarer’s Identification and Maritime Industry Authority (MARINA)
    Record Book (SIRB)
    - Alien Certification of Registration/Immigrant Bureau of Immigration (BI)
    Certificate of Registration
    HQP-HLF-729
    (V03, 12/2020)

    REQUIRED DOCUMENTS WHERE TO SECURE


    - National Council for the Welfare of Disabled Persons National Council on Disability Affairs (NCDA)/
    (NCWDP) Certification Department of Social Welfare and
    Development (DSWD)
    - Department of Social Welfare and Development DSWD
    (DSWD) Certification
    - Government Office and GOCC ID (e.g. AFP ID, Pag- Government Office/Government-Owned and
    IBIG Loyalty Card) Controlled Corporation (GOCC)
    4. If mode of payment is thru PDC, 12 Post-Dated Checks Issuing Bank
    (PDCs).

    NOTE: In all instances wherein photocopies are submitted, the original document must be presented
    for authentication.

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