Guam § 5301 - Wilful Violations.
Full text of Guam Guam Code Annotated § 5301 — Wilful Violations., with citation guidance and answers to common questions.
§ 5301. Wilful Violations.
(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
conviction shall be subject to punishment by fine not exceeding One
Hundred Dollars ($100.00).
Frequently Asked Questions About Guam § 5301
What does Guam Code Annotated § 5301 cover?
Section 5301 ("Wilful Violations.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 5301?
A common citation format is "Guam Code Annotated § 5301" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 5301 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.