Wyoming payday loan laws

Legal Status: Legal

Citation: Wy. Stat. 40-14-362 et seq.

Loan Terms:

Maximum Loan Amount:  Not Specified
Maximum Loan Term:  1 calendar month
Maximum Finance Rate and Fees:  the greater of 20% per month or $30
Finance Charge for 14-day $100 loan:  $30
APR for 14-day $100 loan:  780%

Debt Limits:

Maximum Number of Outstanding Loans at One Time:  Not Specified
Rollovers Permitted:  None (cannot repay, refinance or consolidate by proceeds of another check)
Cooling-off Period:
Repayment Plan:  Yes (Once per 12 month period; at least 4 equal installments; at least 60 days)

Collection Limits:

Collection Fees:  No NSF fees or other costs
Criminal Action:  Prohibited

Where to Complain, Get Information:
Regulator: Wyoming Division of Banking
Address: Herschler Building, 3rd Floor, 122 West 25th Street, Cheyenne, WY 82002
Phone: (307) 777-7797 
Fax: (307) 777-3555

Sourced from paydayloaninfo.org

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