There are hereby established the following Interest Free Loan Schedules to which this Article applies. The maximum loan amount shall depend in each instance on the prevailing GHC Rate at the time a loan is made.

(a) Interest Free Loan Schedule I.
GHC Rate Maximum Interest Free Loan
12.00% or more 50.00% of The Appraised Value
10.00% to 11.99% 48.00% of The Appraised Value
Less than 10.00% 46.00% of The Appraised Value

(b) Interest Free Loan Schedule II.
GHC Rate Maximum Interest Free Loan
12.00% or more 48.00% of The Appraised Value
10.00% to 11.99% 46.00% of The Appraised Value
Less than 10.00% 44.00% of The Appraised Value

(c) Interest Free Loan Schedule III.
GHC Rate Maximum Interest Free Loan
12.00% or more 46.00% of The Appraised Value
10.00% to 11.99% 44.00% of The Appraised Value
Less than 10.00% 42.00% of The Appraised Value

(d) Interest Free Loan Schedule IV.
GHC Rate Maximum Interest Free Loan
12.00% or more 44.00% of The Appraised Value
10.00% to 11.99% 42.00% of The Appraised Value
Less than 10.00% 40.00% of The Appraised Value

2017 NOTE: Subsection designations added pursuant to the authority of
1 Guam Code Ann. § 1606.