14 Guam Code Ann. § 3402
Current as of: 2023 | Check for updates
|
Other versions
th respect to a consumer loan, other than one primarily for an agricultural purpose or pursuant to a revolving loan account, if any payment is more than twice as large as the average of the other payments, the debtor has the right to refinance the amount of that payment at the time it is due without penalty or other charge. The terms
COL120106
14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 3 LOANS
of the refinancing shall be no less favorable to the buyer than the terms of the original loan. This limitation does not apply to the extent that the payment schedule is adjusted to the seasonal or irregular income of the debtor.