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• News

The Week in Review: 05 - 11 January 2003
· News Index

Sunday 12 January 2003

Translated from La Naciσn

 

Qualification. Each document that appears for inscription is reviewed by the recorders responsible for the qualification of the same one. If it has defects they are written down provisionally.



Public Registry

250,000 inscriptions are in risk

They will expire in November if you do not correct it

Did you present documents for inscription of property, houses, vehicles, public companies or mortgages in the Public Registry before November of 1998? If your answer is yes, go to the next question.

Did you verify that these documents were enrolled properly? If its answer is negative: Do it already!

This is the recommendation of the authorities of the Public Registry, because this November 250,000 defective documents presented before November 1998, will expire.

With the lapsing they would be cancelled or lose effect. That is to say, for the Registry those legal acts or contracts were not made.

The risk is that if, for example, you bought a property and the transaction was not enrolled in the register,  the person who sold you would continue being the proprietor and therefore in bad faith could return to re-negotiate the property.

Negligence

In agreement with Dagoberto Sibaja, director of the National Registry, there are 214,991 documents corresponding to properties and corporations, in addition to 34,531 documents related to vehicles.

The total number of 249,522 represents one fifth of the total of inscriptions in the Registry for Real estate (1.289.000) and half of the inscriptions in a year. In the 200, the National Registry registered 493.262 documents.

The cause of the problem with the documents, appear to have defects that range from names or mistaken numbers to missing of stamps.

Those problems were detected by the registrar at the time of making the qualification of the data, which is normally made within eight days after presentation.

After that time, it is necessary that the notary verifies that the inscription is correct. Nevertheless, in these cases it was not done and for that reason they were placed in the category of provisional annotations of article 468 of the Civil Code.

Possible sanctions

Why were the errors not corrected after five years? The only answer is that neither the notaries responsible for that nor the interested parties verified the inscription.

The difference is that with the previous legislation those provisional annotations did not expire, but from the use of the new Notarial Code they have maturity date.

For the director of the Costa Rican Institute of Notaries (Icoden), Marco Antonio Jimιnez Carmiol, these problems should never have occurred because it is of the professional in profession of notary to make sure that all the requirements are fulfilled.

"If the document is properly authorized, there are no errors, to the rights and the stamps were paid. By experience, I know that in two weeks already they are enrolled. It is always good that people verify such.

The negligence of the notaries, according to the Code that regulates the exercise of the profession, establishes sanctions of suspension up to six months for the delays in the inscriptions.

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