Signed New Agrarian Emancipation Act (RA 11953)
Ferdinand Romualdez Marcos Jr. • President of the Philippines • Jul 7, 2023
This law condones all principal loans, unpaid amortizations, and interests of 610,054 agrarian reform beneficiaries (ARBs) covering 1.17 million hectares, relieving them of debt to the Land Bank of the Philippines (LBP) and private landowners.
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