Definitions

As used in this Chapter:

(a)State means any of the United States, the District of Columbia, Puerto Rico, the Virgin Islands, American Samoa and the Trust Territory of the Pacific Islands.

(b)American lender means

(1)a member of the Federal Reserve System, an insured bank as defined in the Federal Savings and Loan Insurance Corporation Act, a federally chartered savings and loan association, a real estate investment trust as defined in the Internal Revenue Code, or an insurance company, the principal office of which is in a state, whether incorporated or unincorporated and whether investing in its individual capacity or in a fiduciary capacity;

(2)the trustee or trustees from time to time in office of any employee benefit plan;

(3)any corporation all of the capital stock of which (except directors= qualifying shares) is owned by one or more American lenders of the classes specified in clauses

(1)and

(2)of this paragraph; but the term American lender does not include any small loan or industrial loan company or similar business.

(c)Employee benefit plan means any plan, fund, or program which was heretofore or is hereafter established in and under the laws of a state by an employer or by an employee organization, or COL 03072011 CH. 35 AMERICAN INVESTORS ACT both, for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or annuity contracts or otherwise, medical, surgical or hospital care or benefits, or benefits in the event of sickness, accident, disability, death, or unemployment, or retirement benefits, and includes any profitsharing plan which provides benefits at or after retirement. As used in the preceding sentence, the term employee organization means any labor union or any organization of any kind, or any agency or employee representation committee, association, group, or plan in which employees participate and which exists for the purpose, in whole or in part, of dealing with employers concerning an employee benefit plan or other matters incidental to employment relationships or any employees= beneficiary association organized for the purpose, in whole or in part, or establishing such a plan.

(d)Loans means obligations secured by liens upon real property, or any interest in real property, situated in Guam, which liens may also cover such personal property as is or may from time to time be affixed or attached to or located on or in or about the real property or any improvements thereon or thereto, and include obligations secured by liens upon real property interests therein situated both within and without Guam.