Terms Used In 14 Guam Code Ann. § 3501

  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
(1) Regulated loan means a consumer loan made pursuant to a revolving loan account; or

(2) Any other consumer loan in which the rate of the loan finance charge is in excess of that provided by the provisions on loan finance charge for consumer loans (§ 3201).