A businesswoman from Tuguegarao has warned the public to be wary of a man who claims he can obtain loans from banks using land titles as collateral, a common practice among entrepreneurs in the provinces.

Estefania Lingan-Borja, the owner of construction firm Northeast Construction, Management and General Merchandise, told The Manila Times that Ramon Leonor took from her 30 land titles in 2012 that he said will be used to obtain loans from banks.

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