Guam § 57102 - Exempted Transaction.
Full text of Guam Guam Code Annotated § 57102 — Exempted Transaction., with citation guidance and answers to common questions.
§ 57102. Exempted Transaction.
(a) Rental-purchase agreements which comply with this Act are not
governed by the laws relating to:
(1) a sale of a home under the Guam Homeowners' Warranties
Act;
(2) a consumer credit sale under the Guam Uniform Commercial
Credit Code in Title 14 of the Guam Code Annotated; and
(3) a security interest as defined in 13 GCA '1201(37) and
governed by Article 9 of 13 GCA.
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(b) This Act does not apply to the following:
(1) rental purchase agreements primarily for business, commercial
or agricultural purposes;
(2) a lease made to any governmental agencies or
instrumentalities or organizations;
(3) a lease of a safe deposit box; money or intangible personal
property;
(4) a lease of an automobile, motor home, mobile home or
manufactured housing; or
(5) a lease or bailment of personal property which is incidental to
the lease of real property, and which does not provide that the
consumer has an option to purchase the leased property.
Frequently Asked Questions About Guam § 57102
What does Guam Code Annotated § 57102 cover?
Section 57102 ("Exempted Transaction.") 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 § 57102?
A common citation format is "Guam Code Annotated § 57102" (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 § 57102 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.