Chapter 4 of Title 11 of the Kosrae State Code - The Deed of Trust. Country/Territory Micronesia, Fed. States Territorial subdivision Kosrae Document type Legislation Date 2001 Source FAO, FAOLEX Subject Land & soil Keyword Land tenure Transfer Agricultural land Geographical area Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific Abstract This Chapter 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 Chapter. The Chapter also provides for the establishment of a loan guarantee escrow account where the beneficiary is the Farmers Home Administration. Full text English Website fsmlaw.org