14 Guam Code Ann. § 3511
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Terms Used In 14 Guam Code Ann. § 3511
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
) With respect to a regulated loan in which the principal is Five Hundred Dollars ($500.00), or less, a lender may not contract for a security interest in real property. A security interest taken in violation of this Section is void.
(2) The amount of Five Hundred Dollars ($500.00) in Subsection (1) is subject to change pursuant to the provisions on adjustment of dollar amounts (§ 1106).
(2) The amount of Five Hundred Dollars ($500.00) in Subsection (1) is subject to change pursuant to the provisions on adjustment of dollar amounts (§ 1106).