Guam § 1107 - Waiver or Agreement to Forego.
Full text of Guam Guam Code Annotated § 1107 — Waiver or Agreement to Forego., with citation guidance and answers to common questions.
§ 1107. Waiver or Agreement to Forego.
(1) Except as provided in Subsection (2), a debtor may not waive or
agree to forego rights or benefits under this Title.
(2) After his default in payment and apart from or in connection with a
deferment (§ 2204 or § 3204), a refinancing (§ 2205 or § 3205), or a
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consolidation (§ 2206 or § 3206), the debtor may waive or agree to forego
rights and benefits under:
(a) the provisions of Chapter 2 (Sales) with respect to balloon
payments (§ 2405), liability on consumer leases (§ 2406), security in
sales (§ 2407), cross-collateral (§§ 2408-9) and assignment of earnings
(§ 2410); and
(b) the provisions of Chapter 3 (Loans) with respect to assignment
of earnings (§ 3403), real property security (§ 3511) and maximum
loan term (§ 3513).
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 1107
What does Guam Code Annotated § 1107 cover?
Section 1107 ("Waiver or Agreement to Forego.") 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 § 1107?
A common citation format is "Guam Code Annotated § 1107" (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 § 1107 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.