Wyoming § 40-14-309 Definition of "loan finance charge"

Wyoming Statutes

§ 40-14-309 — Definition of "loan finance charge"

Wyoming § 40-14-309

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 3LOANS

This text of Wyoming § 40-14-309 (Definition of "loan finance charge") 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. § 40-14-309 (2026).

Text

(a)"Loan finance charge" means the sum of:

(i)All charges payable directly or indirectly by the debtor and imposed directly or indirectly by the lender as a condition of or an incident to the extension of credit, including any of the following types of charges which are applicable: interest or any amount payable under a point, discount, or other system of charges, however denominated, premium or other charge for any guarantee or insurance protecting the lender against the debtor's default or other credit loss; and

(ii)Charges incurred for investigating the collateral or credit-worthiness of the debtor or for commissions or brokerage for obtaining the credit, irrespective of the person to whom the charges are paid or payable, unless the lender had no notice of the charges when the loan w

Free access — add to your briefcase to read the full text and ask questions with AI

(a) "Loan finance charge" means the sum of:
(i) All charges payable directly or indirectly by the
debtor and imposed directly or indirectly by the lender as a
condition of or an incident to the extension of credit,
including any of the following types of charges which are
applicable: interest or any amount payable under a point,
discount, or other system of charges, however denominated,
premium or other charge for any guarantee or insurance
protecting the lender against the debtor's default or other
credit loss; and
(ii) Charges incurred for investigating the
collateral or credit-worthiness of the debtor or for commissions
or brokerage for obtaining the credit, irrespective of the
person to whom the charges are paid or payable, unless the
lender had no notice of the charges when the loan was made.
(b) The term does not include charges as a result of
default, additional charges (W.S. 40-14-311), delinquency
charges (W.S. 40-14-312), deferral charges (W.S. 40-14-313) or
reasonable credit application fees whether or not credit is
extended.
(c) If a lender makes a loan to a debtor by purchasing or
satisfying obligations of the debtor pursuant to a lender credit
card or similar arrangement, and the purchase or satisfaction is
made at less than the face amount of the obligation, the
discount is not part of the loan finance charge.
Part 2. Maximum Charges