Guam § 4308 - Termination of Interest Free Loan.
Full text of Guam Guam Code Annotated § 4308 — Termination of Interest Free Loan., with citation guidance and answers to common questions.
§ 4308. Termination of Interest Free Loan.
The mortgagor must pay off the Interest Free Loan if,
during the term of the loan, the Home secured by the mortgage
for which the loan was granted is:
(a) transferred or conveyed;
(b) sold;
(c) occupied exclusively by individuals other than the
mortgagor (s) or their children; or
(d) leased before five (5) years of actual occupancy by
the mortgagor. If the Home is leased prior thereto then the
Interest Free Loan shall be reamortized at the rate of the
GHC loan as an interest bearing loan and such interest shall
be remitted to GHC for deposit in the Community
Affordable Housing Action Trust (the “Trust”). Exceptions
to this provision may be afforded by GHC under rules and
regulations adopted in accordance with the provisions of the
Administrative Adjudication Law.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 4308
What does Guam Code Annotated § 4308 cover?
Section 4308 ("Termination of Interest Free Loan.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 4308?
A common citation format is "Guam Code Annotated § 4308" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 4308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.