ASSIGNMENT FOR OCT. 5.

I. Provisions Applicable to All Banks, QBs and Trust Entities

i. Chapter III, Sections 47-53
ii. Section 47, GBL (RA No. 8791)
1. Judicial foreclosure –Rule 68 of Rules of Court
2. Extrajudicial foreclosure – Act No. 3135, as amended by Act No. 4118
3. Equity of Redemption v. Right of Redemption
a. Rosales v. Suba, GR No. 137792, August 12, 2003
b. Union Bank v. CA, GR No. 134068, June 25, 2001
c. Serrano v. CA, GR No. 133883, December 10, 2003
4. Redemption Period
a. Mallari v, GSIS, GR No. 157659, January 25, 2010
b. White Marketing Development Corporation vs. Grandwood Furniture & Woodwork, Inc. G.R. No. 222407.
Nov. 23, 2016.
5. Repurchase Price
a. Guevarra v. The Commoner Lending Corporation, Inc., G.R. No. 204672. February 18, 2015
6. Deficiency Claim
a. Metrobank v. CHUY LU TAN, G.R. No. 202176. August 1, 2016
7. Judicial foreclosure- Rule 68, Section 6
a. Cuñada v. Drilon, G.R. No. 159118, June 24, 2004
8. Right of Possession
a. Equitable PCI Bank v. DNG Realty and Development Corp., GR 168672, August 2010
iii. Sections 48-49, GBL
iv. Sections 50-52, GBL
1. Register of Deeds of Manila v. China Banking Corporation, GR L11964, April 28, 1962
v. Section 53, Other Banking Services
1. Philippine Commercial International Bank (formerly Insular Bank of Asia and America) v CA, GR 121413,
January 29, 2001;