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Library Resource
Document aggregated from Resource Equity Landwise Database
January, 1990
Library Resource
Regulations
Micronesia, Oceania

These Regulations, made by the Yap State Environmental Protection Agency under the Yap State Environmental Quality Protection Act, shall apply to all earthmoving activities as defined in these Regulations. They provides for measures to prevent erosion caused by earth moving and sedimentation. All earthmoving activities within Yap State shall be conducted in accordance with these Regulations and in such a way as to prevent accelerated erosion and acceleration of sedimentation.

Library Resource
Legislation
Micronesia, Oceania

This Act makes provision with respect to the creation of mortgages and consequences of such mortgages. The purpose of the Act is to establish a system of mortgage law in Yap State which will induce lenders to make secured commercial and residential loans, while at the same time ensuring that borrowers who execute mortgages of property in Yap State understand nature and consequences of the mortgage, and that the parties to the mortgage are protected against unfair practices.

Library Resource
Legislation
Micronesia, Oceania

This Act specifies rules relative to the writing, transfer, foreclosure, etc. of a deed of trust and defines legal consequences and proceedings in relation with the creation or foreclosure of a deed of trust. A transfer in trust of an estate in real property may occur to secure the performance of an obligation or the payment of a debt. A transfer does not entitle the trustee or beneficiary to the possession of the property, except as provided in this Act. The Act also provides for the establishment of a loan guarantee escrow account by trustees.

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