Wyoming § 40-14-304 Definition of "consumer loan"; interests in
land

Wyoming Statutes

§ 40-14-304 — Definition of "consumer loan"; interests in land

Wyoming § 40-14-304

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 3LOANS

This text of Wyoming § 40-14-304 (Definition of "consumer loan"; interests in land) 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. § 40-14-304 (2026).

Text

(a)Except with respect to a loan primarily secured by an interest in land, "consumer loan" is a loan made by a person regularly engaged in the business of making loans in which:

(i)The debtor is a person other than an organization;

(ii)The debt is incurred primarily for a personal, family or household purpose;

(iii)Either the debt is payable in installments or a loan finance charge is made; and

(iv)The principal does not exceed seventy-five thousand dollars ($75,000.00).

(b)Repealed by Laws 1981, ch. 147, § 2.

(c)"Loan primarily secured by an interest in land" means a loan made for the purpose of purchasing or acquiring ownership of land and appurtenances, including structures affixed to the land, and which is secured by a first mortgage lien. A loan primarily secured by an interest

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(a) Except with respect to a loan primarily secured by an
interest in land, "consumer loan" is a loan made by a person
regularly engaged in the business of making loans in which:
(i) The debtor is a person other than an
organization;
(ii) The debt is incurred primarily for a personal,
family or household purpose;
(iii) Either the debt is payable in installments or a
loan finance charge is made; and
(iv) The principal does not exceed seventy-five
thousand dollars ($75,000.00).
(b) Repealed by Laws 1981, ch. 147, § 2.
(c) "Loan primarily secured by an interest in land" means
a loan made for the purpose of purchasing or acquiring ownership
of land and appurtenances, including structures affixed to the
land, and which is secured by a first mortgage lien. A loan
primarily secured by an interest in land is not a consumer loan,
except that W.S. 40-14-320, 40-14-323, 40-14-354 and 40-14-520
through 40-14-524 shall apply to loans primarily secured by an
interest in land.