12 Guam Code Ann. § 4312
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Terms Used In 12 Guam Code Ann. § 4312
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
To qualify for the Interest Free Loan program, an individual “”or family must show evidence of rejection from three (3) commercial mortgage lending institutions and be unable to qualify on the basis of income for GHC’s regular lending program. Applicants under this section are not eligible for the six percent (6%) loan program authorized by Public Law 20-210.
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ARTICLE 4
GUAM HOUSING MORTGAGE INSURANCE CORPORATION SOURCE: This entire Chapter was added by P.L. 21-99:6.