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Terms Used In 22 Guam Code Ann. § 49107

  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sections 49102, 49105, and 49106 are applicable to the persons carrying on the business of junk dealers, their clerks, employees, or servants, and to persons acting as brokers or commission agents for such persons, and apply to their transactions of purchase and sale as well as to those of pledge or mortgage.

SOURCE: GC § 50007 enacted by P.L. 13-187:247.

NOTE: As enacted, this section referred to “Sections 50002, 50005, and 50006” as being applicable to junk dealers. Former ‘ 50005 was repealed by P.L. 17-81:25.

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