Guam § 130113 - Loans Upon Collateral Security.
Full text of Guam Guam Code Annotated § 130113 — Loans Upon Collateral Security., with citation guidance and answers to common questions.
§ 130113. Loans Upon Collateral Security.
Loans may be made by any association secured by the pledge of
notes or other obligations evidencing loans which are secured by
property or securities upon which the association might make a direct
loan, if such collateral loans do not exceed 90 per cent of whichever of
the following is the lessor: (a) the unpaid principal of the notes or other
obligations pledged as collateral security or (b) the amount which the
association would be permitted to make as a direct loan on the same
property or securities. Loans secured by the pledge of bonds, treasury
certificates, notes, mortgage participation certificates or other securities
referred to in subdivisions (3), (4), (5), (6) and (7) of Section 130102
may be made by any association to the extent of not more than 90 per
cent of the unpaid principal amount or market value thereof, whichever is
less, if at the time of such collateral loans thereon such association would
be authorized pursuant to this act to invest in such bonds, treasury
certificates, notes, mortgage participation certificates or other securities
in an amount at least equal to such unpaid principal amount or market
value, whichever is less.
Frequently Asked Questions About Guam § 130113
What does Guam Code Annotated § 130113 cover?
Section 130113 ("Loans Upon Collateral Security.") 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 § 130113?
A common citation format is "Guam Code Annotated § 130113" (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 § 130113 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.