Republic Acts1 min read
Section 42Sec./Art. 42
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Compulsory Amendment or Termination by Court Order.
(a) The court may, on application by the grantor, issue an order that the notice be terminated or amended in accordance with the demand, which order shall be conclusive and binding-on the LRA: Provided, That the secured creditor wrho disagrees with the order of the court may appeal the order.
(b) The court may make any other order it deems proper for the purpose of giving effect to an order under subsection (a) of this section.
(c) The LRA shall amend or terminate a notice in accordance with a court order made under subsection (a) of this section as soon as reasonably practicable after receiving the order.
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