Interest Free Loan Schedules

12 GCA § 4207, under Guam Housing Corporation.

12 GCA § 4207

There are hereby established the following Interest Free Loan Schedules to which this Article applies. The maximum loan amount shall depend in each instance on the Rate Index at the time a loan is made. (a) Interest Free Loan Schedule I. Index Rate Maximum Interest Free Loan

12.00% or more 35.00% of Maximum Price Factor 10.00% to 11.99% 32.00% of Maximum Price Factor Less than 10.00% 30.00% of Maximum Price Factor (b) Interest Free Loan Schedule II. Index Rate Maximum Interest Free Loan 12.00% or more 32.00% of Maximum Price Factor 10.00% to 11.99% 30.00% of Maximum Price Factor Less than 10.00% 28.00% of Maximum Price Factor (c) Interest Free Loan Schedule III. Index Rate Maximum Interest Free Loan 12.00% or more 30.00% of Maximum Price Factor 10.00% to 11.99% 28.00% of Maximum Price Factor Less than 10.00% 25.00% of Maximum Price Factor 2017 NOTE: Subsection designations added pursuant to the authority of 1 GCA § 1606.