Guam § 35104 - Permitted Activities.

§ 35104. Permitted Activities.

The activities referred to in the preceding section are:

(a) Making loans;

(b) Receiving security for loans;

(c) Acquiring by assignment or otherwise partial or entire

interests in loans or in security for loans;

(d) Servicing (but servicing only by or through individuals

who are residents of, or corporations doing business in, Guam),

collecting, enforcing, or otherwise realizing upon loans or upon

security for loans or upon interests therein; and taking, holding, and

disposing of any property acquired (whether by purchase at any sale

pursuant to foreclosure, by entry, or by conveyance in lieu of

foreclosure) in enforcement of the rights of the American lender in

the event of default by any borrower; and

(e) Empowering agents and servants in connection therewith,

and entering into and performing contracts, and doing other acts and

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things necessary or appropriate for or preliminary or incident to, any

of the foregoing activities, but not maintaining any office in Guam

for the conduct of such activities.