T·R
← Search

14 GCA § 5301

Wilful Violations

Guam Code AnnotatedTitle 14 — Uniform Consumer Credit Code
View official PDF ↗

(1)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.

(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 COL120106 CH. 5 REMEDIES AND PENALTIES conviction shall be subject to punishment by fine not exceeding One Hundred Dollars ($100.00).

§ The story of this section

  1. Amended by P.L. 13-187 (bill & sponsor pending — earlier Legislature not yet ingested)

Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.