{"data":{"id":"us-gu/14-gca-2602","jurisdiction":"us-gu","citation":"14 GCA § 2602","heading":"Service Charge for Certain Sales to Individuals.","body":"(1) With respect to a sale other than a consumer credit sale, the parties may contract for the payment by the buyer of a credit service charge not in excess of that permitted by this Section if: (a) the credit is granted by a seller who regularly engages in credit transactions as a seller;\n(b) the amount financed is Twenty-Five Thousand Dollars ($25,000.00), or less; and\n(c) the buyer is either (i) a person other than an organization or (ii) an organization if the debt is secured primarily by a security interest in a one (1) or two (2) family dwelling occupied by a person related to the organization.\n(2) With respect to a sale other than one pursuant to a revolving charge account, the parties may contract for the payment by the buyer of an amount comprising the amount financed and a credit service charge not in excess of twenty-four percent (24%) per year calculated on the unpaid balances of the amount financed according to the United States rule.\n(3) With respect to a sale pursuant to a revolving charge account the parties may contract for the payment of a credit service charge not in excess of that permitted by § 2207.\n(4) The amount of Twenty-Five Thousand Dollars ($25,000.00) in Subsection (1) is subject to change pursuant to the provisions on adjust-ment of dollar amounts (§ 1106). [Subsection (2) amended by P.L. 16-32.]","path":["Title 14: Uniform Consumer Credit Code","Chapter 2: Credit Sales","ARTICLE 6: SALES OTHER THAN CONSUMER CREDIT SALES"],"source_url":"https://col.guamcourts.gov/sites/default/files/14gc002.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:29:28Z","sha256":"0bf4f23ebc6d95fdb23e511f8338397a6d257377074ae6607ed1425226a98dd5","source_id":"us-gu","stale":false,"prev":"us-gu/14-gca-2601","next":"us-gu/14-gca-2603"},"notice":"GroundRules: Original legal text. Not legal advice."}