Guam § 130114 - Arrears in Payments.
Full text of Guam Guam Code Annotated § 130114 — Arrears in Payments., with citation guidance and answers to common questions.
§ 130114. Arrears in Payments.
COL120106
11 GCA FINANCE & TAXATION
CH. 130 INVESTMENTS, LOANS AND BORROWING
Whenever a borrower shall be in arrears in the payment of his
interest or loan installments, or shall be in default under the terms of any
pledge, deed of trust or mortgage securing his loan, the whole loan shall
become due at the option of the association, and the association may
proceed to enforce collection upon such loan or the securities held by the
association. Upon or after exercising such option, the withdrawal value
of all shares pledged as collateral security shall be applied to the payment
of the loan, and said shares from the time of such application shall be
deemed surrendered to the association and cancelled.
Frequently Asked Questions About Guam § 130114
What does Guam Code Annotated § 130114 cover?
Section 130114 ("Arrears in Payments.") 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 § 130114?
A common citation format is "Guam Code Annotated § 130114" (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 § 130114 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.