§ 40-14-363 — License required; post-dated check finance charge; limits on amount financed and terms; minimum finance charge

(a) No person shall engage in business as a post-dated
check casher in this state unless licensed in accordance with
W.S. 40-14-634. No post-dated check casher may contract for,
charge or receive any amount as a charge in connection with a
post-dated check or similar arrangement other than a post-dated
check finance charge as stated in this subsection. No
post-dated check finance charge shall exceed the greater of
thirty dollars ($30.00) or twenty percent (20%) per month on the
principal balance of the post-dated check or similar
arrangement.
(b) The maximum term of any post-dated check or similar
arrangement subject to this part shall be one (1) calendar
month. Extended payment plans under W.S. 40-14-366 are not
subject to this subsection.
(c) Post-dated check finance charges are fully earned on
the day the post-dated check or similar arrangement is made.