§ 40-14-311 — Additional charges

(a) In addition to the loan finance charge permitted by
this article, a lender may contract for and receive the
following additional charges in connection with a consumer loan:
(i) Official fees and taxes;
(ii) Charges for insurance as described in subsection
(b) of this section;
(iii) Annual charges, payable in advance, for the
privilege of using a lender credit card or similar arrangement
which entitles the user to purchase goods or services from at
least one hundred (100) persons not related to the issuer of the
lender credit card or similar arrangement, under an arrangement
pursuant to which the debts resulting from the purchases are
payable to the issuer;
(iv) Charges excluded from the loan finance charge by
the federal Consumer Credit Protection Act or by rule adopted by
the administrator.
(b) An additional charge may be made for insurance written
in connection with the loan, other than insurance protecting the
lender against the debtor's default or other credit loss:
(i) With respect to insurance against loss of or
damage to property, or against liability, if the lender
furnishes a clear and specific statement in writing to the
debtor, setting forth the cost of the insurance if obtained from
or through the lender, and stating that the debtor may choose
the person through whom the insurance is to be obtained;
(ii) With respect to consumer credit insurance
providing life, accident, or health coverage, if the insurance
coverage is not a factor in the approval by the lender of the
extension of credit, and this fact is clearly disclosed in
writing to the debtor, and if, in order to obtain the insurance
in connection with the extension of credit, the debtor gives
specific affirmative written indication of his desire to do so
after written disclosure to him of the cost thereof.
(iii) Repealed By Laws 2013, Ch. 124, § 3.
(c) Reasonable closing costs (W.S. 40-14-140(a)(v)) are
additional charges.