11 GCA § 106730
Loans Secured by Mortgages on Real Property and Acceptance of Assignments of
View official PDF ↗Mortgages Covering Real Property in Guam. Nothing in this Chapter shall be deemed to prohibit a foreign banking corporation which does not maintain an office in Guam for the transaction of business from making loans in Guam secured by mortgages on real property or from accepting assignments of mortgages covering real property situated in Guam.
§ The story of this section
- Enacted by P.L. 13-111 § 5 (bill & sponsor pending — earlier Legislature not yet ingested)
Interpreted by the courts:
- 1998 Guam 6 — EIE Guam Corporation, et al., vs. Long Term Credit Bank, of Japan, Ltd., et al. (1998) · per Peter C. Siguenza, J.
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.