Terms Used In 14 Guam Code Ann. § 3605

  • Contract: A legal written agreement that becomes binding when signed.
  • 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
th respect to a loan other than a consumer loan or a loan for which loan finance charge ceilings are set by § 3602 (certain loans to

COL120106
14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 3 LOANS

individuals), the parties may contract for the payment by the debtor of any loan finance charge agreed in writing.
———-

COL120106