Subsection (e) out of Part fourteen of the same Operate are hereby repealed and you may brand new thriving subsections try hereby redesignated properly
“(d) the new debentures issued below that it chapter to virtually any mortgagee with respect in order to mortgage loans or loans covered lower than Sections II and you can III should become executed on the title of the home Financial support Commission while the obligor, and you can signed on the Fee because of the Chairman-Standard Manager by often their written or etched signature, and you may are going to be negotiable, excused from tax, attachment, delivery or seizure, redeemable in the option of the Payment at the otherwise just before readiness and you can totally guaranteed regarding principal and attention from the Republic of one’s Philippines. (more…)