Flashcards Studio

A new statute, the Real Property Modernization Act (RPMA), was enacted on January 15, 2025 and published in the Official Gazette on February 5, 2025. The Act provides: (1) This Act shall take effect fifteen (15) days after its publication; (2) All deeds of sale of real property within its coverage executed after the Act's effectivity must be recorded with the Registry of Deeds within thirty (30) days from execution, otherwise void as to third parties; (3) The Act shall not be given retroactive effect; rights that vested prior to its effectivity are preserved. A deed of sale of land within the Act's coverage is executed on February 18, 2025. A title transfer is registered with the Registry of Deeds on March 20, 2025. Answer the following: (a) What is the Act's date of effectivity? (b) Is the February 18, 2025 deed governed by the Act or by pre-existing law? (c) Is the March 20, 2025 title transfer governed by the Act or by pre-existing law? Brief justification.