Guam § 4115 - Authorization to Accept Direct Advances From the
Full text of Guam Guam Code Annotated § 4115 — Authorization to Accept Direct Advances From the, with citation guidance and answers to common questions.
§ 4115. Authorization to Accept Direct Advances From the
Federal Home Loan Bank.
The Federal Housing Finance Board has authorized the
Federal Home Loan Bank of Seattle to lend to the Housing
Corporation as a non-member mortgagee. Pursuant to the
provisions of the Financial Institution Reform Recovery and
Enforcement Act authorizing the Federal Home Loan Banking
System to extend advances to state housing finance authorities,
the provisions of §10b of the Federal Home Loan Bank Act, and
the rules and regulations of the Federal Housing Finance Board,
the Housing Corporation is hereby authorized to periodically
borrow funds from the Federal Home Loan Bank of Seattle
(“FHLB”) as needed to finance the Housing Corporation’s
lending and real estate development activities in the form of
direct FHLB advances under FHLB’s rules regarding non-
member mortgagees without further legislative approval. The
Housing Corporation shall use all such FHLB advances
according to the following preferences: First, to qualified
applicants who have submitted applications to the Housing
Corporation and are awaiting funding, and second, to all other
eligible applicants.
Frequently Asked Questions About Guam § 4115
What does Guam Code Annotated § 4115 cover?
Section 4115 ("Authorization to Accept Direct Advances From the") 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 § 4115?
A common citation format is "Guam Code Annotated § 4115" (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 § 4115 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.