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Wyoming Loan Finance Charge For Consumer Loans Oth

Wyoming Loan Finance Charge For Consumer Loans Other Than Supervised Loans

Title 40. Trade and Commerce
Chapter 14. Wyoming Uniform Consumer Credit Code 
Article 3. Loans
Part 2. Maximum Charges

§ 40-14-310. Loan finance charge for consumer loans other than supervised loans

(a) With respect to a consumer loan other than a supervised loan (W.S. 40-14-341), a lender may contract for and receive a loan finance charge, calculated according to the actuarial method, not exceeding ten percent (10%) per year on the unpaid balances of the principal.
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(f) Notwithstanding subsection (a) of this section, and except as provided for pawnbrokers in W.S. 40-14-360(f) and post-dated check cashers in W.S. 40-14-363, the lender may contract for and receive a minimum loan finance charge of not more than thirty dollars ($30.00).

Cite as Wyo. Stat. Ann. § 40-14-310 


Added On: 17-Jan-2014