"X x x.
The
protection of Republic Act No. 6552 (Realty Installment Buyer Protection Act)
does not cover a loan extended by the employer to enable its employee to
finance the purchase of a house and lot. The law protects only a buyer acquiring
the property by installment, not a borrower whose rights are governed by the
terms of the loan from the employer.
X
x x."
Read:
SPOUSES JAIME SEBASTIAN AND
EVANGELINE SEBASTIAN, Petitioners,
vs. BPI FAMILY BANK, INC., CARMELITA ITAPO AND BENJAMIN HAO, Respondents.
vs. BPI FAMILY BANK, INC., CARMELITA ITAPO AND BENJAMIN HAO, Respondents.
G.R. No. 160107, October 22,
2014
