Permitted Activities

The activities referred to in the preceding section are:

(a)Making loans;

(b)Receiving security for loans;

(c)Acquiring by assignment or otherwise partial or entire interests in loans or in security for loans;

(d)Servicing (but servicing only by or through individuals who are residents of, or corporations doing business in, Guam), collecting, enforcing, or otherwise realizing upon loans or upon security for loans or upon interests therein; and taking, holding, and disposing of any property acquired (whether by purchase at any sale pursuant to foreclosure, by entry, or by conveyance in lieu of foreclosure) in enforcement of the rights of the American lender in the event of default by any borrower; and

(e)Empowering agents and servants in connection therewith, and entering into and performing contracts, and doing other acts and COL 03072011 CH. 35 AMERICAN INVESTORS ACT things necessary or appropriate for or preliminary or incident to, any of the foregoing activities, but not maintaining any office in Guam for the conduct of such activities.