Wyoming § 40-14-219 Advances to perform covenants of buyer

Wyoming Statutes

§ 40-14-219 — Advances to perform covenants of buyer

Wyoming § 40-14-219

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 2CREDIT SALES

This text of Wyoming § 40-14-219 (Advances to perform covenants of buyer) 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. § 40-14-219 (2026).

Text

(a)If the agreement with respect to a consumer credit sale, refinancing, or consolidation contains covenants by the buyer to perform certain duties pertaining to insuring or preserving collateral and the seller pursuant to the agreement pays for performance of the duties on behalf of the buyer, the seller may add the amounts paid to the debt. Within a reasonable time after advancing any sums, he shall state to the buyer 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 buyer performed by the seller pertain to insurance, a brief description of the insurance paid for by the seller including the type and amount of coverages. No further information need be given.

(b)A credit service charge may be ma

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(a) If the agreement with respect to a consumer credit
sale, refinancing, or consolidation contains covenants by the
buyer to perform certain duties pertaining to insuring or
preserving collateral and the seller pursuant to the agreement
pays for performance of the duties on behalf of the buyer, the
seller may add the amounts paid to the debt. Within a reasonable
time after advancing any sums, he shall state to the buyer 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 buyer performed by the seller pertain to
insurance, a brief description of the insurance paid for by the
seller including the type and amount of coverages. No further
information need be given.
(b) A credit service charge may be made for sums advanced
pursuant to subsection (a) of this section at a rate not
exceeding the rate stated to the buyer pursuant to the laws
relating to disclosure with respect to the sale, refinancing, or
consolidation, except that with respect to a revolving charge
account the amount of the advance may be added to the unpaid
balance of the amount and the seller may make a credit service
charge not exceeding that permitted by the provisions on credit
service charge for revolving charge accounts (W.S. 40-14-218).