14 Guam Code Ann. § 2106
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Terms Used In 14 Guam Code Ann. § 2106
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
) Consumer lease means a lease of goods which a lessor, regularly engaged in the business of leasing, makes to a person, other than an or-
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14 Guam Code Ann. UNIFORM CONSUMER CREDIT CODE
CH. 2 CREDIT SALES
ganization, who is taking under the lease primarily for a personal, family, household or agricultural purpose.
(2) Consumer lease does not include a lease in which the lessor allows the lessee to lease goods pursuant to a credit card or similar arrangement.