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Distribution of Certificates of Condonation and Release of Mortgage in Paniqui, Tarlac 09/30/2024

Poblacion Norte, Paniqui, Tarlac September 30, 2024 Continuing the Administration’s commitment to agrarian reform, President Ferdinand R. Marcos Jr. leads the distribution of 4,663 Certificates of Condonation and Release of Mortgage (COCROMs) to 3,527 agrarian reform beneficiaries (ARBs) in a ceremony at the Eduardo Cojuangco Gymnasium in Paniqui, Tarlac on 30 September 2024. The event marks a significant step in the government’s efforts to ease the financial burden on ARBs, with over PhP124 million being condoned, relieving beneficiaries of unpaid debts for land received under agrarian reform. In compliance with Republic Act No. 11953, signed into law by President Marcos on 7 July 2023, the Department of Agrarian Reform (DAR) is actively working to condone unsettled payments and interest on agricultural lands covered by agrarian reform laws. The Law also mandates the dismissal of all pending court cases related to these unsettled payments. Looking ahead, the DAR aims to distribute certificates to as many as 300,000 ARBs by 2025, extending the program’s benefits to more farmers nationwide. Connect with RTVM Website: http://rtvm.gov.ph Facebook: www.facebook.com/presidentialcom and www.facebook.com/rtvmalacanang YouTube: @RTVMalacanang Tiktok: @RTVMalacanang