11 Guam Code Ann. § 106103
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Terms Used In 11 Guam Code Ann. § 106103
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
A bank shall pay interest at a rate not less than that paid on regular passbook savings accounts as calculated by the individual banks on Guam on home mortgage escrow accounts.
SOURCE: GC § 30030.1. Added by P.L. 15-93:1.