Guam § 47106 - Legal Rate of Interest.
Full text of Guam Guam Code Annotated § 47106 — Legal Rate of Interest., with citation guidance and answers to common questions.
§ 47106. Legal Rate of Interest.
The rate of interest upon the loan or forbearance of any money, goods
or things in action, or on accounts after demand or judgment rendered in
any court of the territory, shall be six percent (6%) per annum but it shall be
competent for the parties to any loan or forbearance of any money, goods or
things in action to contract in writing for a rate of interest not exceeding the
rates of interest specified in Title 14 of this Code.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 47106
What does Guam Code Annotated § 47106 cover?
Section 47106 ("Legal Rate of Interest.") 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 § 47106?
A common citation format is "Guam Code Annotated § 47106" (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 § 47106 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.