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Displaying 6 - 10 of 40Chapter 1 of Title 29 of the Yap State Code - Yap State Mortgage Act of 1987.
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.
Chapter 5 of Title 20 of the Yap State Code - Land Coordinate System.
This Act concerns the definition of a coordinate system for purposes of land survey in the State of Yap. The Chapter also gives some indications for a valid survey but does not require a purchaser or mortgager to entirely rely on the defined system. The Chapter also prescribes penalties for the offence of interfering with survey marks.
Chapter 2 of Title 29 of the Yap State Code - Yap State Deed of Trust Act.
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.
Chapter 8 of Title 11 of the Yap State Code - Miscellaneous Offenses.
This Chapter defines offences of a miscellaneous character including: unauthorized disposition of certain foods by a person who has any responsibility for disposition of any food commodity donated under any program of the United States government or the State or Federated States of Micronesia government, violation of business license provisions; violation of section 401 of Title 18 (Conservation and Resources) is on unlawful acts of petroleum disposal; violation of public planning provisions; the keeping of any animal found to be a public nuisance; and the damaging of reefs.
Chapter 1 of Title 9 of the Yap State Code - Public Land.
This Chapter makes provision with respect to public land in the State of Yap. Its purpose is to designate the State Government to hold title to and manage and dispose of public lands within the State in trust for the people of the State. It also provides for conveyance of lands to the State Government. The Government may, subject to limitations, sell, lease, exchange, use, dedicate for public purposes, or make other disposition of such public lands pursuant to the laws of the State.