§ 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(d) Repealed By Laws 1996, ch. 86, § 3.