21 Guam Code Ann. § 17114
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Terms Used In 21 Guam Code Ann. § 17114
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
In addition to other payments authorized by the Relocation Assistance Act, the instrumentality or agency of the government of Guam involved may, as part of the cost of any program or project, reimburse the owner reasonable and necessary expenses incurred for:
(a) Recording fees, transfer taxes and other expenses incidental to conveying the real property;
(b) Penalty costs for prepayment of any mortgage then existing entered into in good faith encumbering the real property if the mortgage is on record or has been filed for record as provided by law; and
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21 Guam Code Ann. REAL PROPERTY
CH. 17 RELOCATION ASSISTANCE ACT
(c) The pro rata portion of real property taxes paid which are allocable to the period subsequent to the date of vesting title in, or the effective date of possession of such real property by the said instrumentality or agency, whichever is earlier.
SOURCE: GC § 13979.13 enacted by P.L. 12-148.