Wyoming § 40-14-308 Definition of "revolving loan account"

Wyoming Statutes

§ 40-14-308 — Definition of "revolving loan account"

Wyoming § 40-14-308

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 3LOANS

This text of Wyoming § 40-14-308 (Definition of "revolving loan 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. § 40-14-308 (2026).

Text

(a)"Revolving loan account" means an arrangement between a lender and a debtor pursuant to which:

(i)The lender may permit the debtor to obtain loans from time to time;

(ii)The unpaid balances of principal and the loan finance and other appropriate charges are debited to an account;

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

(iv)Either the debtor has the privilege of paying in full or in installments or the lender periodically imposes charges computed on the account for delaying payment and permits the debtor to continue to obtain loans.

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(a) "Revolving loan account" means an arrangement between
a lender and a debtor pursuant to which:
(i) The lender may permit the debtor to obtain loans
from time to time;
(ii) The unpaid balances of principal and the loan
finance and other appropriate charges are debited to an account;
(iii) A loan finance charge if made is not
precomputed but is computed on the outstanding unpaid balances
of the debtor's account from time to time; and
(iv) Either the debtor has the privilege of paying in
full or in installments or the lender periodically imposes
charges computed on the account for delaying payment and permits
the debtor to continue to obtain loans.