14 Guam Code Ann. § 6102
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Terms Used In 14 Guam Code Ann. § 6102
- 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
is Article applies to persons who in this Territory:
(1) make or solicit consumer credit sale, consumer leases, consumer loans, sales other than consumer credit sales for which credit service charge ceilings are set by § 2602 (certain other sales to individuals) and loans other than consumer loans for which loan finance charge ceilings are set by § 3602 (certain other loans to individuals); or
(1) make or solicit consumer credit sale, consumer leases, consumer loans, sales other than consumer credit sales for which credit service charge ceilings are set by § 2602 (certain other sales to individuals) and loans other than consumer loans for which loan finance charge ceilings are set by § 3602 (certain other loans to individuals); or
(2) collect payments or enforce rights arising from these sales, leases or loans, wherever they are made.
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14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 6 ADMINISTRATION