Guam § 130115 - Limitation as to Classes of Loans.
Full text of Guam Guam Code Annotated § 130115 — Limitation as to Classes of Loans., with citation guidance and answers to common questions.
§ 130115. Limitation as to Classes of Loans.
No association shall make any loan other than an amortized loan
unless at least ninety per cent of the unpaid principal of all its loans then
in force be amortized loans as defined in Section 130109 of this act, and
no association shall make any loan other than an amortized loan payable
in monthly installments unless at least eighty per cent of the unpaid
principal of all its loans then in force shall be amortized loans, the note
or obligation for which provides for installments of principal to be paid
monthly thereon. No association shall make any loan upon the security of
unimproved real property if the unpaid principal of all its loans then in
force on unimproved real property exceeds three percent of the unpaid
principal of all its loans of all classes then in force.
The limitations of this Section 130115 shall not apply to loans made
pursuant to Section 130101 of this act.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 130115
What does Guam Code Annotated § 130115 cover?
Section 130115 ("Limitation as to Classes of Loans.") 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 § 130115?
A common citation format is "Guam Code Annotated § 130115" (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 § 130115 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.