Chapter 7 of Title 41 of the Pohnpei State Code - Deed of Trust Act of 1987.
This Act makes provision with respect to deeds of trust in respect of land. Its purpose is to provide for a satisfactory method of securing the financing of improvements to real property by the United States of America acting through various agencies.A deed of trust is a conveyance of the freehold or leasehold interest in trust to secure an indebtedness or charge against real property conveyed, with or without a power of sale, vested in the trustee to sell according to the terms as set forth in the instrument.