BPI Family Savings, LRA form kiosk

MANILA, Philippines - The Land Registration Authority (LRA) has opened its extension office in the premises of BPI Family Savings Bank headquarters recently, as a result of the first-ever private bank partnership forged by LRA with the thrift bank arm of the Bank of the Philippine Islands (BPI) last year. The arrangement makes it convenient, more efficient and secure for BPI Family Bank and its clients to do title verification through a web-enabled system. The LRA kiosk also allows BPI and BPI Family Savings Bank to request for LRA-approved certified true copies of certificate of title (CTCCT) in a breeze.  The CTCCT can be retrieved in electronic form through the “Anywhere-to-Anywhere” (A2A) system of LRA. A2A is the system capable of accessing the CTCCT from the different Registry of Deeds (RDs) nationwide. The Bank can even inquire on the status of land titles registered outside Metro Manila, also enabling the Bank’s nine provincial Business Centers to benefit from the LRA extension office. The facility provides easy and fast printing of the CTCCT, while the assurance of an authentic title of the property being offered as collateral to the Bank would help hasten the review and approval of Title Verification Reports (TVR).