Guam § 109115 - Maximum Fee for Selling or Cashing Instruments.
Full text of Guam Guam Code Annotated § 109115 — Maximum Fee for Selling or Cashing Instruments., with citation guidance and answers to common questions.
§ 109115. Maximum Fee for Selling or Cashing Instruments.
No licensee engaged in the business of selling or cashing checks,
including traveler’s checks, drafts, or money orders within the United
States by an instrument or order drawn upon and directed to the person
receiving the money for transmission, shall charge a fee for selling or
cashing such instruments, except traveler’s checks, in excess of one-half
of one per cent (1/2 of 1%) of the face amount thereof or Fifty Cents
($0.50), whichever is greater.
Frequently Asked Questions About Guam § 109115
What does Guam Code Annotated § 109115 cover?
Section 109115 ("Maximum Fee for Selling or Cashing Instruments.") 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 § 109115?
A common citation format is "Guam Code Annotated § 109115" (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 § 109115 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.