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Civil Code, Art. 2137

Antichresis · Formerly Art. 1884a of the old Civil Code

Statute
Civil Code
Article
Art. 2137
Topic
Antichresis
Status
In force
Book
BOOK IV Obligations and Contracts
Title
TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS
Chapter
CHAPTER 4 Antichresis
Formerly
Art. 1884a of the old Civil Code
Year
1949

The provision

The creditor does not acquire the ownership of the real estate for non-payment of the debt within the period agreed upon. Every stipulation to the contrary shall be void. But the creditor may petition the court for the payment of the debt or the sale of the real property. In this case, the Rules of Court on the foreclosure of mortgages shall apply. (1884a)

Civil Code, Art. 2137 is found in CHAPTER 4 Antichresis of TITLE XVI PLEDGE, MORTGAGE AND ANTICHRESIS of BOOK IV Obligations and Contracts of the Civil Code of the Philippines (Republic Act No. 386).

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Research aid — not legal advice. Verify the current text against the Official Gazette. Provisions may have been amended or repealed. Using this page creates no attorney-client relationship. For legal advice, consult a Philippine lawyer.