Wyoming § 40-14-208 Definition of "revolving charge account"

Wyoming Statutes

§ 40-14-208 — Definition of "revolving charge account"

Wyoming § 40-14-208

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 2CREDIT SALES

This text of Wyoming § 40-14-208 (Definition of "revolving charge account") is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 40-14-208 (2026).

Text

(a)"Revolving charge account" means an arrangement between a seller and a buyer pursuant to which:

(i)The seller may permit the buyer to purchase goods or services on credit either from the seller or pursuant to a seller credit card;

(ii)The unpaid balances of amounts financed arising from purchases and the credit service and other appropriate charges are debited to an account;

(iii)A credit service charge if made is not precomputed but is computed on the outstanding unpaid balances of the buyer's account from time to time; and

(iv)Either the buyer has the privilege of paying in full or in installments or the seller periodically imposes charges computed on the account for delaying payment and permits the buyer to continue to purchase on credit.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) "Revolving charge account" means an arrangement
between a seller and a buyer pursuant to which:
(i) The seller may permit the buyer to purchase goods
or services on credit either from the seller or pursuant to a
seller credit card;
(ii) The unpaid balances of amounts financed arising
from purchases and the credit service and other appropriate
charges are debited to an account;
(iii) A credit service charge if made is not
precomputed but is computed on the outstanding unpaid balances
of the buyer's account from time to time; and
(iv) Either the buyer has the privilege of paying in
full or in installments or the seller periodically imposes
charges computed on the account for delaying payment and permits
the buyer to continue to purchase on credit.