What is the maximum administrative fine imposed by HLURB for violations of PD 957?

The maximum administrative fine imposed by the Housing and Land Use Regulatory Board (HLURB) for violations of Presidential Decree No. 957 is established at P 20,000. This regulation pertains specifically to the rules and standards set for the development, sale, and leasing of subdivisions and other residential developments.

The amount reflects the government's aim to enforce compliance with housing regulations and to protect consumers within the real estate sector. This fine may be levied when developers fail to adhere to the stipulated guidelines, ensuring that any violations are met with appropriate financial penalties to discourage non-compliance and maintain the integrity of housing standards and consumer rights.

Understanding this fine is important for developers and stakeholders in the real estate industry to ensure they operate within the legal framework and avoid significant penalties that could affect their business operations.