12 Guam Code Ann. § 4805
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Terms Used In 12 Guam Code Ann. § 4805
- 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.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The Corporation shall within forty-five (45) days upon enactment promulgate the necessary rules and regulations with regard to implementing the Mortgage Credit Certificate Program and the Corporation’s participation with any financial institution, currently licensed and doing business on Guam. The rules shall include the Corporation’s requirements, including, but not
limited to, qualifying applicants for the mortgage credit certificate program.
limited to, qualifying applicants for the mortgage credit certificate program.