Guam § 6301 - Council of Advisors on Consumer Credit.
Full text of Guam Guam Code Annotated § 6301 — Council of Advisors on Consumer Credit., with citation guidance and answers to common questions.
§ 6301. Council of Advisors on Consumer Credit.
(1) There is hereby created the Council of Advisors on Consumer
Credit consisting of five (5) members, who shall be appointed by the
Governor with the advice and consent of the Legislature. One of the
advisors shall be designated by the Governor as Chairman. In appointing
members of the Council, the Governor shall seek to achieve a fair
representation from the various segments of the consumer credit industry
and the public.
(2) The term of office of each member of the Council is four (4)
years. Of those members first appointed, two (2) shall be appointed for a
term of one (1) year, one (1) for a term of two (2) years, one (1) for a
term of three (3) years, and one (1) for a term of four (4) years. A
member chosen to fill a vacancy otherwise than by expiration of term
shall be appointed for the unexpired term of the member whom he is to
succeed. A member of the Council is eligible for reappointment.
(3) Members of the Council shall serve without compensation but
are entitled to reimbursement of expenses incurred in the performance of
their duties.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 6301
What does Guam Code Annotated § 6301 cover?
Section 6301 ("Council of Advisors on Consumer Credit.") 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 § 6301?
A common citation format is "Guam Code Annotated § 6301" (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 § 6301 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.