Guam § 4206 - 3/2 Down Payment Option.
Full text of Guam Guam Code Annotated § 4206 — 3/2 Down Payment Option., with citation guidance and answers to common questions.
§ 4206. 3/2 Down Payment Option.
To the extent allowed by the Financial Institution, an
applicant may qualify for a grant or an unsecured Interest Free
Loan equal to an amount not exceeding Five Percent (5%) of the
lower of the appraised value or the selling price of a Home
financed under the provisions of this Article. The funds for
grants or loans under this subsection shall come from the
Community Affordable Housing Action Trust as defined in §
4209 of this Article. The maximum loan or grant shall be five
COL9/7/2021
percent (5%) of the lower of the appraised value or the selling
price of the Home financed not to exceed Five Thousand Dollars
($5,000). The Financial Institution may include the repayment of
the unsecured Interest Free Loan in the borrower’s total debt
qualifying ratio.
Frequently Asked Questions About Guam § 4206
What does Guam Code Annotated § 4206 cover?
Section 4206 ("3/2 Down Payment Option.") 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 § 4206?
A common citation format is "Guam Code Annotated § 4206" (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 § 4206 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.