§ 3102 Scope
§ 3103 Index of Definitions
§ 3104 Definition: Consumer Loan
§ 3105 Business Collateral Defined
§ 3106 Loan Defined
§ 3107 Lender; Precomputed; Premium Finance Loan; Principal; All Defined
§ 3108 Revolving Loan Account Defined
§ 3109 Sale of Unpaid Earnings
§ 3110 Loan Finance Charge Defined
§ 3201 Loan Finance Charges for Consumer Loans Other Than\r\nRegulated Loans and Revolving Loan Accounts
§ 3202 Additional Charges
§ 3203 Delinquency Charges
§ 3204 Deferral Charges
§ 3205 Loan Finance Charge – Refinancing
§ 3206 Loan Finance Charge – Consolidation
§ 3207 Filed Rates Excluded
§ 3208 Advances to Perform Covenants of Debtor
§ 3209 Right to Prepay
§ 3210 Rebate Upon Prepayment
§ 3401 Exclusions
§ 3402 Restrictions on Balloon Payments
§ 3403 No Assignment of Earnings
§ 3404 Attorneys\’ Fees
§ 3405 Limitation on Default Charges
§ 3406 Notice of Transfer
§ 3407 Confession of Judgment
§ 3501 Definition: Regulated Loan
§ 3502 Authority to Make Regulated Loans
§ 3503 License to Make Regulated Loans
§ 3504 Revocation or Suspension of License
§ 3505 Books and Records
§ 3506 Investigations
§ 3507 Application of Administrative Procedure [Adjudication] Act
§ 3509 Same: Revolving Loan Accounts
§ 3510 Use of Multiple Agreements to Obtain Higher Rate
§ 3511 Restrictions on Real Property Security
§ 3512 Limitation on Attorneys\’ Fees
§ 3513 Regular Schedule of Payments; Maximum Loan Term
§ 3514 Conduct of Business Other Than Making Loans
§ 3515 Application of Other Provisions
§ 3601 Loans Subject to Act by Agreement of Parties
§ 3602 Loan Finance Charge for Certain Loans to Individuals
§ 3603 Applicability of Other Provisions
§ 3604 Limitation on Default Charges
§ 3605 Loan Finance Charge for Other Loans

Terms Used In Guam Code > Title 14 > Chapter 3 - Loans

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • 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
  • Forbearance: A means of handling a delinquent loan. A
  • Oath: A promise to tell the truth.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.