What is the legal definition of a “disqualified person” for notarization in Guam?

The legal definition of a “disqualified person” in the context of notarization in Guam pertains to individuals who possess a direct financial interest in the transaction being notarized. This is important because a notary must be impartial and objective; they should not have any conflicts of interest that could influence their actions or the integrity of the notarization process. By defining a disqualified person as someone with a direct financial interest, the law aims to eliminate any potential bias, thereby ensuring that the notarization is conducted fairly and honestly.

Individuals who have no connection to the transaction, are related to the signer, or provide financial advice do not inherently present the same level of conflict as someone with a direct financial interest. Those scenarios do not necessarily compromise the notary's impartiality or the validity of the notarization, as the focus is on the financial stakes in the transaction itself, which could create a conflict of interest.