14 Guam Code Ann. § 3106
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Terms Used In 14 Guam Code Ann. § 3106
- Forbearance: A means of handling a delinquent loan. A
an includes:
(a) The creation of debt by the lender’s payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;
(b) The creation of debt by the opening of an account with the lender entitling the debtor to draw immediately on the lender;
(c) The creation of a debt pursuant to a preexisting credit card or similar arrangement; and
(d) The forbearance of a debt arising from a loan.