Wyoming § 40-14-306 Definition of "loan"

Wyoming Statutes

§ 40-14-306 — Definition of "loan"

Wyoming·Title 40 Trade and Commerce·Ch. 14 WYOMING UNIFORM CONSUMER CREDIT CODE·Art. 3 LOANS

(a)"Loan" includes:

(i)The creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor;

(ii)The creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately;

(iii)The creation of debt pursuant to a lender credit card or similar arrangement; and

(iv)The forbearance of debt arising from a loan.

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(a) "Loan" includes:
(i) The creation of debt by the lender's payment of
or agreement to pay money to the debtor or to a third party for
the account of the debtor;
(ii) The creation of debt by a credit to an account
with the lender upon which the debtor is entitled to draw
immediately;
(iii) The creation of debt pursuant to a lender
credit card or similar arrangement; and
(iv) The forbearance of debt arising from a loan.

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