18 GCA § 47106
Legal Rate of Interest
View official PDF ↗The rate of interest upon the loan or forbearance of any money, goods or things in action, or on accounts after demand or judgment rendered in any court of the territory, shall be six percent (6%) per annum but it shall be competent for the parties to any loan or forbearance of any money, goods or things in action to contract in writing for a rate of interest not exceeding the rates of interest specified in Title 14 of this Code.
§ The story of this section
- Enacted by P.L. 3-44 (bill & sponsor pending — earlier Legislature not yet ingested)
Interpreted by the courts:
- 2000 Guam 14 — Robert H. Rinehart v. Mary S. Rinehart (2000) · per Benjamin J.F. Cruz, J. · cited at ¶25
- 2003 Guam 20 — Guam United Warehouse Corporation, Plaintiff-Appellee/Cross-Appellant v. Guam DeWitt Transportation Services of Guam, In (2003) · per F. Philip Carbullido, J. · cited at ¶38
- 2012 Guam 12 — Guam Top Builders, Inc. and Ejong Construction Co., Ltd., Plaintiffs-Appellees/Cross-Appellants, v. Tanota Partners, Haf (2012) · per Robert J. Torres, J. · cited at ¶82
- 2012 Guam 4 — Joseph T. Duenas, as administrator for the Estate of Rosario T. Quichocho, Plaintiff-Appellee v. George and Matilda Kall (2012) · per Katherine A. Maraman, J. · cited at ¶45
- 2013 Guam 5 — Lawrence S. Yoshida, Plaintiff-Appellant, v. Guam Transport and Warehouse, Inc., Defendant-Appellee (2013) · per Katherine A. Maraman, J. · cited at ¶74
- 2015 Guam 1 — Fidelity Enterprises, Ltd., a Guam Corporation, Plaintiff-Appellant, v.National Union Fire InsuraceCom pany of Pittsburg (2015) · per Katherine A. Maraman, J. · cited at ¶14
- 2016 Guam 10 — Government of Guam, Plaintiff-Appellee, v. 162.40 Square Meters of Land, more or less, situated in the municipality of A (2016) · cited at ¶29
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.