reglab/statecodes huggingface dataset:
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-243 - Debt Secured by Cross-Collateral.

40-14-243. Debt secured by cross-collateral.
(a) If debts arising from two (2) or more consumer credit sales, other than sales pursuant to a revolving charge account, are secured by cross-collateral (W.S. 40-14-242) or consolidated into one (1) debt payable on a single schedule of payments, and the debt is secured by security interests taken with respect to one (1) or more of the sales, payments received by the seller after the taking of the cross-collateral or the consolidation are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been first applied to the payment of the debts arising from the sales first made. To the extent debts are paid according to this section, security interests in items of property terminate as the debts originally incurred with respect to each item are paid.
(b) Payments received by the seller upon a revolving charge account are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of credit service charges in the order of their entry to the account and then to the payment of debts in the order in which the entries to the account showing the debts were made.
(c) If the debts consolidated arose from two (2) or more sales made on the same day, payments received by the seller are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of the smallest debt.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-244 - No Assignment of Earnings.

40-14-244. No assignment of earnings.
(a) A seller or lessor may not take an assignment of earnings of the buyer or lessee for payment or as security for payment of a debt arising out of a consumer credit sale or a consumer lease. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the buyer or lessee. This section does not prohibit an employee from authorizing deductions from his earnings if the authorization is revocable.
(b) Notwithstanding the foregoing prohibition, a seller or lessor may take an assignment of commissions or accounts receivable payable to the buyer or lessee for services rendered for payment or as security for payment of a debt arising out of a consumer lease.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-245 - Referral Sales.

40-14-245. Referral sales.
With respect to a consumer credit sale or consumer lease the seller or lessor may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the buyer or lessee as an inducement for a sale or lease in consideration of his giving to the seller or lessor the names of prospective purchasers or lessees, or otherwise aiding the seller or lessor in making a sale or lease to another person, if the earning of the rebate, discount or other value is contingent upon the occurrence of an event subsequent to the time the buyer or lessee agrees to buy or lease. If a buyer or lessee is induced by a violation of this section to enter into a consumer credit sale or consumer lease, the agreement is unenforceable by the seller or lessor and the buyer or lessee, at his option, may rescind the agreement or retain the goods delivered and the benefit of any services performed, without any obligation to pay for them.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-246 - Notice of Assignment.

40-14-246. Notice of assignment.
The buyer or lessee is authorized to pay the original seller or lessor until the buyer or lessee receives notification of assignment of the rights to payment pursuant to a consumer credit sale or consumer lease and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned is ineffective. If requested by the buyer or lessee, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the buyer or lessee may pay the seller or lessor.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-247 - Attorney's Fees.

40-14-247. Attorney's fees.
With respect to a consumer credit sale or consumer lease the agreement may provide for the payment by the buyer or lessee of reasonable attorney's fees after default and referral to an attorney not a salaried employee of the seller, or of the lessor or his assignee. A provision in violation of this section is unenforceable.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-248 - Limitation on Default Charges.

40-14-248. Limitation on default charges.
Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit sale may not provide for any charges as a result of default by the buyer other than those authorized by this act. A provision in violation of this section is unenforceable.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-249 - Authorization to Confess Judgment Prohibited.

40-14-249. Authorization to confess judgment prohibited.
A buyer or lessee may not authorize any person to confess judgment on a claim arising out of a consumer credit sale or consumer lease. An authorization in violation of this section is void.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-250 - Change in Terms of Revolving Charge Accounts.

40-14-250. Change in terms of revolving charge accounts.
(a) If a seller makes a change in the terms of a revolving charge account without complying with this section any additional cost or charge to the buyer resulting from the change is an excess charge and subject to the remedies available to debtors (W.S. 40-14-521) and to the administrator (W.S. 40-14-613).
(b) A seller may change the terms of the revolving charge account whether or not the change is authorized by prior agreement. Except as provided in subsection (c) of this section, the seller shall give to the buyer written notice of any change at least three (3) times, with the first notice at least six (6) months before the effective date of the change.
(c) The notice specified in subsection (b) of this section is not required if notice of any proposed change in the terms of a revolving charge account is given to the customer at least thirty (30) days prior to the effective date of such change or thirty (30) days prior to the beginning of the billing cycle within which such change will become effective, whichever is the earlier date, and if:
(i) The buyer after receiving notice of the change agrees in writing to the change;
(ii) The buyer elects to pay an amount designated on a billing statement as including a new charge for a benefit offered to the buyer when the benefit and charge constitute the change in terms and when the billing statement also states the amount payable if the new charge is excluded;
(iii) The change involves no significant cost to the buyer;
(iv) The buyer has previously consented in writing to the kind of change made and notice of the change is given to the buyer in two (2) billing cycles prior to the effective date of the change; or
(v) The change applies only to purchases made or obligations incurred after a date specified in a notice of the change given in two (2) billing cycles prior to the effective date of the change.
(d) The notice provided for in this section is given to the buyer when mailed to him at the address used by the seller for sending periodic billing statements.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-251 - Definition.

40-14-251. Definition.
(a) "Home solicitation sale" means a consumer credit sale of goods or services with a purchase price of twenty-five dollars ($25.00) or more written under single or multiple contracts, in which the seller or a person acting for him engages in a personal solicitation of the sale including face-to-face confrontation or telephone solicitation, at a place other than the place of business of the seller and the buyer's agreement or offer to purchase is there given to the seller or a person acting for him.
(b) "Home solicitation sale" shall not include:
(i) A sale consummated entirely by telephone or mail if initiated by the buyer;
(ii) A sale made pursuant to a preexisting revolving charge account; or
(iii) A sale made pursuant to prior negotiations between the parties at a business establishment with a fixed location where goods or services are offered or exhibited for sale.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-252 - Buyer's Right to Cancel.

40-14-252. Buyer's right to cancel.
(a) Except as provided in subsection (e) of this section, in addition to any right otherwise to revoke an offer, the buyer has the right to cancel a home solicitation sale until midnight of the third business day after the day on which the buyer signs an agreement or offer to purchase which complies with this part.
(b) Cancellation occurs when the buyer gives written notice of cancellation to the seller at the address stated in the agreement or offer to purchase.
(c) Notice of cancellation, if given by mail, is given when it is deposited in a mailbox properly addressed and postage prepaid.
(d) Notice of cancellation given by the buyer need not take a particular form and is sufficient if it indicates by any form of written expression the intention of the buyer not to be bound by the home solicitation sale.
(e) The buyer may not cancel a home solicitation sale if the buyer requests the seller to provide goods or services without delay because of an emergency, and:
(i) The seller in good faith makes a substantial beginning of performance of the contract before the buyer gives notice of cancellation; and
(ii) In the case of goods, the goods cannot be returned to the seller in substantially as good condition as when received by the buyer.
(f) If a home solicitation sale is also subject to any other provisions on a debtor's right to rescind certain transactions, the buyer may proceed either under those provisions or under this part.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-254 - Restoration of Down Payment; Retention of Goods by Buyer.

40-14-254. Restoration of down payment; retention of goods by buyer.
(a) Within ten (10) days after a home solicitation sale has been cancelled or an offer to purchase revoked, the seller shall tender to the buyer any goods traded in, any payments made by the buyer and any note or other evidence of indebtedness.
(b) If the down payment includes goods traded in, the goods must be tendered in substantially as good condition as when received by the seller. If the seller fails to tender the goods as provided by this section, the buyer may elect to recover an amount equal to the trade-in allowance stated in the agreement.
(c) Repealed by Laws 1979, ch. 117, 2.
(d) Until the seller has complied with the obligations imposed by this section the buyer may retain possession of goods delivered to him by the seller and has a lien on the goods in his possession or control for any recovery to which he is entitled.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-255 - Duty of Buyer; No Compensation for Services Prior to Cancellation; Noncompliance by Buyer.

40-14-255. Duty of buyer; no compensation for services prior to cancellation; noncompliance by buyer.
(a) Except retention of goods by the buyer pursuant to W.S. 40-14-254(d), within a reasonable time after a home solicitation sale has been cancelled or an offer to purchase revoked, the buyer upon demand shall tender to the seller any goods delivered by the seller pursuant to the sale. The buyer is not obligated to tender at any place other than his residence. If the seller fails to demand possession of goods within a reasonable time after cancellation or revocation, the goods become the property of the buyer without obligation to pay. For the purpose of this section, twenty (20) days is presumed to be a reasonable time.
(b) The buyer has a duty to take reasonable care of the goods in his possession before cancellation or revocation and for a reasonable time thereafter, during which time the goods are otherwise at the seller's risk.
(c) If the seller has performed any services pursuant to a home solicitation sale prior to its cancellation, the seller is entitled to no compensation.
(d) If the buyer fails to comply with this section or agrees to return any goods to the seller at the seller's expense and risk and fails to do so, the buyer remains liable for performance of all obligations under the written agreement or offer to purchase.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-256 - Sales Subject to Provisions by Agreement of Parties.

40-14-256. Sales subject to provisions by agreement of parties.
The parties to a sale other than a consumer credit sale may agree in a writing signed by the parties that the sale is subject to the provisions of this act applying to consumer credit sales. If the parties so agree the sale is a consumer credit sale for the purposes of this act.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 2 - Credit Sales › Section 40-14-261 - Definitions; Prohibited Assignments; Applicable Provisions.

40-14-261. Definitions; prohibited assignments; applicable provisions.
(a) "Sales financing" means being primarily engaged in the business of taking by assignment or providing financing on behalf of sellers or lessors. Assignment under this subsection shall only include non-servicing rights against debtors arising from consumer credit sales or consumer leases which at the time of assignment the buyer or lessee is not in default.
(b) "Sales finance company" means a person or organization engaged in the business of sales financing.
(c) Unless a person is a supervised financial organization, is licensed under W.S. 40-14-302(b) or has first obtained a license from the administrator, no person shall engage in sales financing.
(d) Repealed By Laws 1996, ch. 86, 3.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-302 - Scope; License Required.

40-14-302. Scope; license required.
(a) This article applies to consumer loans.
(b) Unless a person is a supervised financial organization or has first obtained a license from the administrator, no person shall engage in the business of making consumer loans or taking assignments of non-servicing rights relating to consumer loans that are not in default.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-303 - Definitions.

40-14-303. Definitions.
(a) The following definitions apply to this act and appear in this article as follows:
(i) Repealed By Laws 2008, Ch. 116, 2.
(ii) "Consumer loan"-W.S. 40-14-304;
(iii) Repealed by Laws 2021, ch. 14, 3.
(iv) Repealed By Laws 2008, Ch. 116, 2.
(v) "Lender"-W.S. 40-14-307(a);
(vi) "Loan"-W.S. 40-14-306;
(vii) "Loan finance charge"-W.S. 40-14-309;
(viii) "Loan primarily secured by an interest in land" - W.S. 40-14-304(c);
(ix) "Precomputed"-W.S. 40-14-307(b);
(x) "Principal"-W.S. 40-14-307(c);
(xi) "Revolving loan account"-W.S. 40-14-308;
(xii) Repealed by Laws 2021, ch. 14, 3.
(xiii) Repealed by Laws 2021, ch. 14, 3.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-304 - Definition of "Consumer Loan"; Interests in Land.

40-14-304. Definition of "consumer loan"; interests in land.
(a) Except with respect to a loan primarily secured by an interest in land, "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which:
(i) The debtor is a person other than an organization;
(ii) The debt is incurred primarily for a personal, family or household purpose;
(iii) Either the debt is payable in installments or a loan finance charge is made; and
(iv) The principal does not exceed seventy-five thousand dollars ($75,000.00).
(b) Repealed by Laws 1981, ch. 147, 2.
(c) "Loan primarily secured by an interest in land" means a loan made for the purpose of purchasing or acquiring ownership of land and appurtenances, including structures affixed to the land, and which is secured by a first mortgage lien. A loan primarily secured by an interest in land is not a consumer loan, except that W.S. 40-14-320, 40-14-323, 40-14-354 and 40-14-520 through 40-14-524 shall apply to loans primarily secured by an interest in land.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-306 - Definition of "Loan".

40-14-306. Definition of "loan".
(a) "Loan" includes:
(i) The creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;
(ii) The creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;
(iii) The creation of debt pursuant to a lender credit card or similar arrangement; and
(iv) The forbearance of debt arising from a loan.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-307 - Additional Definitions.

40-14-307. Additional definitions.
(a) Except as otherwise provided, "lender" includes an assignee of the lender's right to payment but use of the term does not in itself impose on an assignee any obligation of the lender with respect to events occurring before the assignment.
(b) A loan, refinancing, or consolidation is "precomputed" if the debt is expressed as a sum comprising the principal and the amount of the loan finance charge computed in advance.
(c) "Principal" of a loan means the total of:
(i) The net amount paid to, receivable by, or paid or payable for the account of the debtor;
(ii) The amount of any discount excluded from the loan finance charge (W.S. 40-14-309(b)); and
(iii) To the extent that payment is deferred:
(A) Amounts actually paid or to be paid by the lender for registration, certificate of title or license fees if not included in paragraph (i) of this subsection; and
(B) Additional charges permitted by this article (W.S. 40-14-311).
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-308 - Definition of "Revolving Loan Account".

40-14-308. Definition of "revolving loan account".
(a) "Revolving loan account" means an arrangement between a lender and a debtor pursuant to which:
(i) The lender may permit the debtor to obtain loans from time to time;
(ii) The unpaid balances of principal and the loan finance and other appropriate charges are debited to an account;
(iii) A loan finance charge if made is not precomputed but is computed on the outstanding unpaid balances of the debtor's account from time to time; and
(iv) Either the debtor has the privilege of paying in full or in installments or the lender periodically imposes charges computed on the account for delaying payment and permits the debtor to continue to obtain loans.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-309 - Definition of "Loan Finance Charge".

40-14-309. Definition of "loan finance charge".
(a) "Loan finance charge" means the sum of:
(i) All charges payable directly or indirectly by the debtor and imposed directly or indirectly by the lender as a condition of or an incident to the extension of credit, including any of the following types of charges which are applicable: interest or any amount payable under a point, discount, or other system of charges, however denominated, premium or other charge for any guarantee or insurance protecting the lender against the debtor's default or other credit loss; and
(ii) Charges incurred for investigating the collateral or credit-worthiness of the debtor or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable, unless the lender had no notice of the charges when the loan was made.
(b) The term does not include charges as a result of default, additional charges (W.S. 40-14-311), delinquency charges (W.S. 40-14-312), deferral charges (W.S. 40-14-313) or reasonable credit application fees whether or not credit is extended.
(c) If a lender makes a loan to a debtor by purchasing or satisfying obligations of the debtor pursuant to a lender credit card or similar arrangement, and the purchase or satisfaction is made at less than the face amount of the obligation, the discount is not part of the loan finance charge.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-311 - Additional Charges.

40-14-311. Additional charges.
(a) In addition to the loan finance charge permitted by this article, a lender may contract for and receive the following additional charges in connection with a consumer loan:
(i) Official fees and taxes;
(ii) Charges for insurance as described in subsection (b) of this section;
(iii) Annual charges, payable in advance, for the privilege of using a lender credit card or similar arrangement which entitles the user to purchase goods or services from at least one hundred (100) persons not related to the issuer of the lender credit card or similar arrangement, under an arrangement pursuant to which the debts resulting from the purchases are payable to the issuer;
(iv) Charges excluded from the loan finance charge by the federal Consumer Credit Protection Act or by rule adopted by the administrator.
(b) An additional charge may be made for insurance written in connection with the loan, other than insurance protecting the lender against the debtor's default or other credit loss:
(i) With respect to insurance against loss of or damage to property, or against liability, if the lender furnishes a clear and specific statement in writing to the debtor, setting forth the cost of the insurance if obtained from or through the lender, and stating that the debtor may choose the person through whom the insurance is to be obtained;
(ii) With respect to consumer credit insurance providing life, accident, or health coverage, if the insurance coverage is not a factor in the approval by the lender of the extension of credit, and this fact is clearly disclosed in writing to the debtor, and if, in order to obtain the insurance in connection with the extension of credit, the debtor gives specific affirmative written indication of his desire to do so after written disclosure to him of the cost thereof.
(iii) Repealed By Laws 2013, Ch. 124, 3.
(c) Reasonable closing costs (W.S. 40-14-140(a)(v)) are additional charges.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-312 - Delinquency Charges.

40-14-312. Delinquency charges.
(a) With respect to a consumer loan, refinancing, or consolidation, the parties may contract for a delinquency charge on any installment not paid in full within ten (10) days after its scheduled due date in an amount not exceeding the greater of:
(i) Five percent (5%) of the unpaid amount of the installment; or
(ii) Ten dollars ($10.00).
(b) A delinquency charge under paragraph (a)(i) of this section may be collected only once on an installment however long it remains in default. No delinquency charge may be collected if the installment has been deferred and a deferral charge (W.S. 40-14-313) has been paid or incurred until ten (10) days after the deferred due date. A delinquency charge may be collected at the time it accrues or at any time thereafter.
(c) No delinquency charge may be collected on an installment which is paid in full within ten (10) days after its scheduled installment due date even though an earlier maturing installment or a delinquency charge on an earlier installment may not have been paid in full. For purposes of this subsection payments are applied first to current installments and then to delinquent installments.
(d) If two (2) installments or parts thereof of a precomputed loan are in default for ten (10) days or more, the lender may elect to convert the loan from a precomputed loan to one in which the loan finance charge is based on unpaid balances. In this event he shall make a rebate pursuant to the provisions on rebate upon prepayment (W.S. 40-14-319) as of the maturity date of the first delinquent installment, and thereafter may make a loan finance charge as authorized by the provisions on loan finance charge for consumer loans (W.S. 40-14-310). The amount of the rebate shall not be reduced by the amount of any permitted minimum charge (W.S. 40-14-319). If the lender proceeds under this subsection, any delinquency or deferral charges made with respect to installments due at or after the maturity date of the first delinquent installment shall be rebated, and no further delinquency or deferral charges shall be made.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-313 - Deferral Charges.

40-14-313. Deferral charges.
(a) With respect to a consumer loan, refinancing, or consolidation, the parties before or after default may agree in writing to a deferral of all or part of one (1) or more unpaid installments, and the lender may make and collect a charge which the debtor expressly agrees to pay as consideration for a deferral. A deferral charge may be collected at the time it is assessed or at any time thereafter.
(b) The lender, in addition to the deferral charge, may make appropriate additional charges (W.S. 40-14-311), and the amount of these charges which is not paid in cash may be added to the amount deferred for the purpose of calculating the deferral charge.
(c) Except in connection with a revolving loan account, the parties may agree in writing at the time of a consumer loan, refinancing, or consolidation that if an installment is not paid within ten (10) days after its due date, the lender may unilaterally grant a deferral and make charges as provided in this section. No deferral charge may be made for a period after the date that the lender elects to accelerate the maturity of the agreement.
(d) A delinquency charge made by the lender on an installment may not be retained if a deferral charge is made pursuant to this section with respect to the period of delinquency.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-314 - Loan Finance Charge on Refinancing.

40-14-314. Loan finance charge on refinancing.
(a) With respect to a consumer loan, refinancing or consolidation, the lender may by agreement with the debtor refinance the unpaid balance and may contract for and receive a loan finance charge based on the principal resulting from the refinancing at a rate not exceeding that permitted by the provisions on loan finance charge for consumer loans (W.S. 40-14-310). For the purpose of determining the loan finance charge permitted, the principal resulting from the refinancing comprises the following:
(i) If the transaction was not precomputed, the total of the unpaid balance and the accrued charges on the date of the refinancing, or, if the transaction was precomputed, the amount which the debtor would have been required to pay upon prepayment pursuant to the provisions on rebate upon prepayment (W.S. 40-14-319) on the date of refinancing, except that for the purpose of computing this amount no minimum charge (W.S. 40-14-319) shall be allowed; and
(ii) Appropriate additional charges (W.S. 40-14-311), payment of which is deferred.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-315 - Loan Finance Charge on Consolidation.

40-14-315. Loan finance charge on consolidation.
(a) If a debtor owes an unpaid balance to a lender with respect to a consumer loan, refinancing or consolidation, and becomes obligated on another consumer loan, refinancing or consolidation with the same lender, the parties may agree to a consolidation resulting in a single schedule of payments. If the previous consumer loan, refinancing, or consolidation was not precomputed, the parties may agree to add the unpaid amount of principal and accrued charges on the date of consolidation to the principal with respect to the subsequent loan. If the previous consumer loan, refinancing, or consolidation was precomputed, the parties may agree to refinance the unpaid balance pursuant to the provisions on refinancing (W.S. 40-14-314) and to consolidate the principal resulting from the refinancing by adding it to the principal with respect to the subsequent loan. In either case the lender may contract for and receive a loan finance charge based on the aggregate principal resulting from the consolidation at a rate not in excess of that permitted by the provisions on loan finance charge for consumer loans (W.S. 40-14-310).
(b) The parties may agree to consolidate the unpaid balance of a consumer loan with the unpaid balance of a consumer credit sale. The parties may agree to refinance the previous unpaid balance pursuant to the provisions on refinancing sales (W.S. 40-14-216) or the provisions on refinancing loans (W.S. 40-14-314), whichever is appropriate, and to consolidate the amount financed resulting from the refinancing or the principal resulting from the refinancing by adding it to the amount financed or principal with respect to the subsequent sale or loan. The aggregate amount resulting from the consolidation shall be deemed principal, and the creditor may contract for and receive a loan finance charge based on the principal at a rate not in excess of that permitted by the provisions on loan finance charge for consumer loans (W.S. 40-14-310).
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-316 - Conversion to Revolving Loan Account.

40-14-316. Conversion to revolving loan account.
(a) The parties may agree to add to a revolving loan account the unpaid balance of a consumer loan, not made pursuant to a revolving loan account, or a refinancing, or consolidation thereof, or the unpaid balance of a consumer credit sale, refinancing or consolidation. For the purpose of this section:
(i) The unpaid balance of a consumer loan, refinancing, or consolidation is an amount equal to the principal determined according to the provisions on refinancing (W.S. 40-14-314); and
(ii) The unpaid balance of a consumer credit sale, refinancing, or consolidation is an amount equal to the amount financed determined according to the provisions on refinancing (W.S. 40-14-216).
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-317 - Advances to Perform Covenants of Debtor.

40-14-317. Advances to perform covenants of debtor.
(a) If the agreement with respect to a consumer loan, refinancing, or consolidation contains covenants by the debtor to perform certain duties pertaining to insuring or preserving collateral and if the lender pursuant to the agreement pays for performance of the duties on behalf of the debtor, the lender may add the amounts paid to the debt. Within a reasonable time after advancing any sums, he shall state to the debtor in writing the amount of the sums advanced, any charges with respect to this amount, and any revised payment schedule and, if the duties of the debtor performed by the lender pertain to insurance, a brief description of the insurance paid for by the lender including the type and amount of coverages. No further information need be given.
(b) A loan finance charge may be made for sums advanced pursuant to subsection (a) of this section at a rate not exceeding the rate stated to the debtor pursuant to the laws relating to disclosure with respect to the loan, refinancing, or consolidation, except that with respect to a revolving loan account the amount of the advance may be added to the unpaid balance of the debt and the lender may make a loan finance charge not exceeding that permitted by the provisions on loan finance charge for consumer loans (W.S. 40-14-310).
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-318 - Right to Prepay.

40-14-318. Right to prepay.
Subject to the provisions on rebate upon prepayment (W.S. 40-14-319), the debtor may prepay in full the unpaid balance of a consumer loan, refinancing, or consolidation at any time without penalty.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-319 - Rebate Upon Prepayment.

40-14-319. Rebate upon prepayment.
(a) Except as provided in subsection (b) of this section, upon prepayment in full of the unpaid balance of a precomputed consumer loan, refinancing or consolidation, the unearned loan finance charge shall be refunded based on the Rule of 78's if the transaction under its original terms did not exceed sixty-one (61) monthly installments and upon the actuarial method, if the transaction by its original terms exceeded sixty-one (61) monthly installments. An amount not less than the unearned portion of the loan finance charge calculated according to this section shall be rebated to the debtor. With respect to irregular payment transactions, the administrator may prescribe by rule the refund formula. If the rebate otherwise required is less than one dollar ($1.00), no rebate need be made.
(b) Upon prepayment in full of a consumer loan, other than one pursuant to a revolving loan account, a refinancing or consolidation, whether or not precomputed, the lender may collect or retain a minimum loan finance charge within the limits stated in W.S. 40-14-310(f).
(c) If a deferral (W.S. 40-14-313) has been agreed to, the unearned portion of the loan finance charge shall be computed without regard to the deferral. The amount of deferral charge earned at the date of prepayment shall also be calculated. If the deferral charge earned is less than the deferral charge paid, the difference shall be added to the unearned portion of the loan finance charge. If any part of a deferral charge has been earned but has not been paid, that part shall be subtracted from the unearned portion of the loan finance charge or shall be added to the unpaid balance.
(d) This section does not preclude the collection or retention by the lender of delinquency charges (W.S. 40-14-312).
(e) If the maturity is accelerated for any reason and judgment is obtained, the debtor is entitled to the same rebate as if the payment had been made on the date judgment is entered.
(f) Upon prepayment in full of a consumer loan by the proceeds of consumer credit insurance (W.S. 40-14-403), the debtor or his estate is entitled to the same rebate as though the debtor had prepaid the agreement on the date the proceeds of the insurance are paid to the lender, but no later than ten (10) business days after satisfactory proof of loss is furnished to the lender.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-320 - Applicability; Information Required.

40-14-320. Applicability; information required.
(a) For purposes of this part, a consumer loan includes a loan secured primarily by an interest in land as defined by W.S. 40-14-304(c).
(b) Repealed by Laws 1982, ch. 61, 2.
(c) Repealed by Laws 1982, ch. 61, 2.
(d) Repealed By Laws 2013, Ch. 124, 3.
(e) Disclosure and advertising of consumer credit shall be made pursuant to the federal Consumer Credit Protection Act.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-323 - Statement of Rate.

40-14-323. Statement of rate.
(a) Repealed by Laws 1982, ch. 61, 2.
(b) Repealed by Laws 1982, ch. 61, 2.
(c) Repealed by Laws 1982, ch. 61, 2.
(d) Repealed by Laws 1982, ch. 61, 2.
(e) A statement of rate complies with this part if it does not vary from the accurately computed rate by more than the following tolerances:
(i) The annual percentage rate may be more or less than the actual rate by not more than one-eighth of one percent (.125%) or may be rounded to the nearest one-fourth of one percent (.25%) for consumer loans payable in substantially equal installments when a lender determines the total loan finance charge on the basis of a single add-on, discount, periodic or other rate, and the rate is converted into an annual percentage rate under procedures prescribed by rule by the administrator;
(ii) The administrator may authorize by rule the use of rate tables or charts which may provide for the disclosure of annual percentage rates which vary from the rate determined in accordance with paragraph (i) of this subsection by not more than the tolerances the administrator may allow; the administrator may not allow a tolerance greater than eight percent (8%) of that rate except to simplify compliance where irregular payments are involved; and
(iii) In case a lender determines the annual percentage rate in a manner other than as described in paragraph (i) or (ii) of this subsection, the administrator may authorize by rule other reasonable tolerances.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-333 - Balloon Payments.

40-14-333. Balloon payments.
With respect to a consumer loan, other than one pursuant to a revolving loan account, if any scheduled payment is more than twice as large as the average of earlier scheduled payments, the debtor has the right to refinance the amount of that payment at the time it is due if the creditor is still offering that type of credit and the debtor is credit worthy. Credit terms shall be as favorable as those offered to the general public by the creditor for the same type of credit at the time a request for refinancing is approved. These provisions do not apply to the extent that the payment schedule is adjusted to the seasonal or irregular income of the debtor.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-334 - No Assignment of Earnings.

40-14-334. No assignment of earnings.
(a) A lender may not take an assignment of earnings of the debtor for payment or as security for payment of a debt arising out of a consumer loan. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the debtor. This section does not prohibit an employee from authorizing deductions from his earnings if the authorization is revocable.
(b) Notwithstanding the prohibition of subsection (a) of this section, a lender may take an assignment of commissions or accounts receivable payable to the debtor for services rendered for payment or as security for payment of a debt arising out of a consumer loan.
(c) A sale of unpaid earnings made in consideration of the payment of money to or for the account of the seller of the earnings is deemed to be a loan to him secured by an assignment of earnings.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-335 - Attorney's Fees.

40-14-335. Attorney's fees.
A consumer loan agreement may provide for the payment by the debtor of reasonable attorney's fees after default and referral to an attorney not a salaried employee of the lender. A provision in violation of this section is unenforceable.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-336 - Limitation on Default Charges.

40-14-336. Limitation on default charges.
Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer loan may not provide for charges as a result of default by the debtor other than those authorized by this act. A provision in violation of this section is unenforceable.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-337 - Notice of Assignment.

40-14-337. Notice of assignment.
The debtor is authorized to pay the original lender until he receives notification of assignment of rights to payment pursuant to a consumer loan and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned is ineffective. If requested by the debtor, the assignee must seasonably furnish reasonable proof that the assignment has been made and unless he does so the debtor may pay the original lender.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-338 - Authorization to Confess Judgment Prohibited.

40-14-338. Authorization to confess judgment prohibited.
A debtor may not authorize any person to confess judgment on a claim arising out of a consumer loan. An authorization in violation of this section is void.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-339 - Change in Terms of Revolving Loan Accounts.

40-14-339. Change in terms of revolving loan accounts.
(a) If a lender makes a change in the terms of a revolving loan account without complying with this section any additional cost or charge to the debtor resulting from the change is an excess charge and subject to the remedies available to debtors (W.S. 40-14-521) and to the administrator (W.S. 40-14-613).
(b) A lender may change the terms of a revolving loan account whether or not the change is authorized by prior agreement. Except as provided in subsection (c) of this section, the lender shall give to the debtor written notice of any change at least three (3) times, with the first notice at least six (6) months before the effective date of the change.
(c) The notice specified in subsection (b) of this section is not required if notice of any proposed change in the terms of a revolving loan account is given to the customer at least thirty (30) days prior to the effective date of such change or thirty (30) days prior to the beginning of the billing cycle within which such change will become effective, whichever is the earlier date, and if:
(i) The debtor after receiving notice of the change agrees in writing to the change;
(ii) The debtor elects to pay an amount designated on a billing statement as including a new charge for a benefit offered to the debtor when the benefit and charge constitute the change in terms and when the billing statement also states the amount payable if the new charge is excluded;
(iii) The change involves no significant cost to the debtor;
(iv) The debtor has previously consented in writing to the kind of change made and notice of the change is given to the debtor in two (2) billing cycles prior to the effective date of the change; or
(v) The change applies only to debts incurred after a date specified in a notice of the change given in two (2) billing cycles prior to the effective date of the change.
(d) The notice provided for in this section is given to the debtor when mailed to him at the address used by the lender for sending periodic billing statements.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-340 - Use of Multiple Agreements.

40-14-340. Use of multiple agreements.
No lender shall permit any person or two (2) married persons to become obligated in any way under more than one (1) loan agreement with the lender or with a person related to the lender with intent to obtain a higher rate of loan finance charge than would otherwise be permitted or to avoid disclosure of an annual percentage rate pursuant to the laws relating to disclosure and advertising. The excess amount of loan finance charge provided for in agreements in violation of this section is an excess charge for the purposes of the provisions on the effect of violations on rights of parties (W.S. 40-14-521) and the provisions on civil actions by administrator (W.S. 40-14-613).
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-354 - Loans Subject to Provisions by Agreement of Parties.

40-14-354. Loans subject to provisions by agreement of parties.
The parties to a loan other than a consumer loan may agree in a writing signed by the parties that the loan is subject to the provisions of this act applying to consumer loans. If the parties so agree, the loan is a consumer loan for the purposes of this act.
2023 Wyoming Statutes › Title 40 - Trade and Commerce › Chapter 14 - Wyoming Uniform Consumer Credit Code › Article 3 - Loans › Section 40-14-359 - Definitions; Application.

40-14-359. Definitions; application.
(a) As used in W.S. 40-14-359 through 40-14-361:
(i) "Pawnbroker" means a person licensed pursuant to W.S. 40-14-634 to engage in the business of making pawn transactions;
(ii) "Pawn finance charge" means the sum of all charges, payable directly or indirectly by the customer and imposed directly or indirectly by the pawnbroker as an incident of the pawn transactions;
(iii) "Pawn transaction" means the act of lending money on the security of pledged tangible personal property, or the act of purchasing tangible personal property on the condition that it may be redeemed or repurchased by the seller for a fixed price within a fixed period of time.
(b) W.S. 40-14-359 through 40-14-361 shall not supersede the rights of cities, towns and counties to regulate and license pawnshops in any fashion consistent with this act. The rights of cities, towns and counties to regulate pawn finance charges and maturities are preempted.