REGISTRATION UNDER THE SPANISH MORTGAGE LAW DISCONTINUED

> On February 16, 1976, PD 892 was issued decreeing the discontinuance of the system of registration under the Spanish Mortgage Law and the use of Spanish titles as evidence in land registration proceedings

> It was needed to do so since recording under this system was practically nil and has become obsolete

> PD 1529 reiterates the discontinuance of the system of registration under the Spanish Mortgage Law—provides also that the books of registration for unregistered lands under Section 194 of Administrative Code, as amended by Act 3344, shall continue to be in force, but all instruments dealing with unregistered lands shall henceforth be registered under Section 113 of the Decree

> Any recording under Section 113 shall be without prejudice to a third person with a better right