14 Guam Code Ann. § 5301
Current as of: 2023 | Check for updates
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Attorney's Note
Under the Guam Code, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| misdemeanor | up to 1 year | up to $1,000 |
Terms Used In 14 Guam Code Ann. § 5301
- Conviction: A judgement of guilt against a criminal defendant.
) An authorized lender who wilfully makes charges in excess of those permitted by the provisions of the Chapter on Loans (Chapter 3) applying to regulated loans (Article 5), is guilty of a misdemeanor and upon conviction shall be subject to punishment by a fine not exceeding Five Thousand Dollars ($5,000.00), or by imprisonment not exceeding one (1) year, or by both fine and imprisonment.
(2) A person, other than a supervised financial organization, who wilfully engages in the business of making regulated loans without a license in violation of the provisions of this Title applying to authority to make regulated loans (§ 3502), is guilty of a misdemeanor and upon conviction shall be subject to punishment by a fine not exceeding Five Thousand Dollars ($5,000.00), or by imprisonment not exceeding one (1) year, or by both fine and imprisonment.
(2) A person, other than a supervised financial organization, who wilfully engages in the business of making regulated loans without a license in violation of the provisions of this Title applying to authority to make regulated loans (§ 3502), is guilty of a misdemeanor and upon conviction shall be subject to punishment by a fine not exceeding Five Thousand Dollars ($5,000.00), or by imprisonment not exceeding one (1) year, or by both fine and imprisonment.
(3) A person who wilfully engages in the business of making consumer credit sales, consumer leases or consumer loans payable in installments, or of taking assignments of obligations arising from these sales, leases or loans, without complying with the provisions of this Title concerning notification (§ 6202), is guilty of a misdemeanor and upon
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14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 5 REMEDIES AND PENALTIES
conviction shall be subject to punishment by fine not exceeding One
Hundred Dollars ($100.00).
SOURCE: Amended by P.L. 13-187.