GroundRules
5 GCA § 60304: Security of Loans. Mortgages.
Where this section sits in the code
- Title 5: Government Operations
- Division 6 - Agriculture
- Chapter 60: Department of Agriculture
- ARTICLE 3: LOAN FUNDS
Any loan in excess of Five Thousand Dollars ($5,000) shall be secured by duly recorded first mortgage upon any of the following property within the territory:
(1) Fee simple farmland.
(2) Leaseholds of farmland where the lease has an unexpired term of at least two (2) years longer than the term of loan.
(3) Crops, livestock and equipment.
(4) Other chattels.
Collected 2026-09-27T02:25:08Z. Source file · JSON