"X x x.
The protection of Republic Act No. 6552 (Realty Installment Buyer Protection Act) does not cover a loan extended by the employer to enable its employee to finance the purchase of a house and lot. The law protects only a buyer acquiring the property by installment, not a borrower whose rights are governed by the terms of the loan from the employer.
X x x."
Read:
SPOUSES JAIME SEBASTIAN AND EVANGELINE SEBASTIAN, Petitioners,
vs. BPI FAMILY BANK, INC., CARMELITA ITAPO AND BENJAMIN HAO, Respondents.
vs. BPI FAMILY BANK, INC., CARMELITA ITAPO AND BENJAMIN HAO, Respondents.
G.R. No. 160107, October 22, 2014