New Land Bank Account for the Victim's Compensation Fund (VCF)
OCA Circular No. 174-2018 mandates that all collections for the Victim's Compensation Fund (VCF) be deposited into a newly established Land Bank account under the Department of Justice (DOJ). Effective immediately, clerks of court and other accountable officers must cease using the old VCF account and instead remit all funds to the specified DOJ Trust Savings Account. This directive aims to streamline the management of VCF collections. Compliance with this circular is required from all relevant court personnel.
Law Information
- Reference Number
- OCA Circular No. 174-2018
- Date Enacted
- Category
- Supreme Court Issuances
- Subcategory
- Office of the Court Administrator Circulars
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 20, 2018
OCA CIRCULAR NO. 174-2018
| TO | : | Executive/Presiding Judges, Clerks of Court/Officers-in-Charge/Accountable Officers of the First and Second Level Courts |
| SUBJECT | : | New Land Bank Account for the Victim's Compensation Fund (VCF) |
In the letter dated 13 August 2018 addressed to the Office of the Court Administrator (OCA), Hon. Adonis P. Sulit, Assistant Secretary, Department of Justice (DOJ), Manila, requested that the OCA issue the necessary circular to deposit all Victim's Compensation Fund (VCF) collections to the newly-opened account of the DOJ.
In this regard, all clerks of court/accountable officers of the Office of the Clerks of Court and single sala courts are hereby DIRECTED to remit all VCF collections to the BTR-DOJ-VCF Trust Savings Account No. 0011-3471-42 of the DOJ.
The old VCF LBP Current Account No. 0592-1022-42 shall no longer be used effective immediately.
For your strict compliance.
(SGD.) JOSE MIDAS P. MARQUEZCourt Administrator
Cite This Law
New Land Bank Account for the Victim's Compensation Fund (VCF), OCA Circular No. 174-2018, Aug 20, 2018 (Philippines)
New Land Bank Account for the Victim's Compensation Fund (VCF), OCA Circular No. 174-2018 (Phil. 2018)
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