Guam § 4602 - Authorization of Home Financing Program.
Full text of Guam Guam Code Annotated § 4602 — Authorization of Home Financing Program., with citation guidance and answers to common questions.
§ 4602. Authorization of Home Financing Program.
In addition to the powers of the Housing Corporation set
forth elsewhere, in this Chapter, and notwithstanding any
restrictions, requirements or limitations set forth in Articles 1, 2,
3, 4 and 5 of this Chapter, the Housing Corporation shall have
the power to make, purchase, make commitments to purchase,
and take assignments from lending institutions, of home
mortgages and mortgage-backed securities, under terms and
conditions specified by the Housing Corporation. The Housing
Corporation may obtain or require mortgagors to obtain
mortgage insurance on home mortgages, and may enter into risk-
sharing agreements with the providers of the mortgage insurance
upon terms and conditions determined by the Housing
Corporation. Any obligations of the Housing Corporation to a
mortgage insurer under a risk-sharing agreement shall be payable
only out of the assets of the Housing Corporation that are not
pledged to secure other obligations of the Housing Corporation.
Frequently Asked Questions About Guam § 4602
What does Guam Code Annotated § 4602 cover?
Section 4602 ("Authorization of Home Financing Program.") 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 § 4602?
A common citation format is "Guam Code Annotated § 4602" (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 § 4602 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.