Guam § 36120 - Duty of Mortgagee on Satisfaction.
Full text of Guam Guam Code Annotated § 36120 — Duty of Mortgagee on Satisfaction., with citation guidance and answers to common questions.
§ 36120. Duty of Mortgagee on Satisfaction.
When any mortgage has been satisfied, the mortgagee or his assignee
must immediately, on the demand of the mortgagor, execute, acknowledge,
and deliver to him a certificate of the discharge thereof, so as to entitle it to
be recorded, or he must enter satisfaction, or cause satisfaction of such
mortgage to be entered of record; and any mortgagee or assignee of such
mortgage who refuses to execute, acknowledge, and deliver to the mortgagor
the certificate of discharge or to enter satisfaction, or cause satisfaction of the
mortgage to be entered, as provided in this Chapter, is liable to the mort-
gagor, or his grantee or heirs, for all damages which he or they may sustain
by reason of such refusal, and shall also forfeit to him or them the sum of
one hundred dollars ($100.00).
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 36120
What does Guam Code Annotated § 36120 cover?
Section 36120 ("Duty of Mortgagee on Satisfaction.") 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 § 36120?
A common citation format is "Guam Code Annotated § 36120" (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 § 36120 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.