Wyoming § 40-14-406 Unconscionability

Wyoming Statutes

§ 40-14-406 — Unconscionability

Wyoming·Title 40 Trade and Commerce·Ch. 14 WYOMING UNIFORM CONSUMER CREDIT CODE·Art. 4 INSURANCE

(a)In applying the provisions of this act on unconscionability (W.S. 40-14-508 and 40-14-611) to a separate charge for insurance, consideration shall be given, among other factors, to:

(i)Potential benefits to the debtor including the satisfaction of his obligations;

(ii)The creditor's need for the protection provided by the insurance; and

(iii)The relation between the amount and terms of credit granted and the insurance benefits provided.

(b)If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.

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(a) In applying the provisions of this act on
unconscionability (W.S. 40-14-508 and 40-14-611) to a separate
charge for insurance, consideration shall be given, among other
factors, to:
(i) Potential benefits to the debtor including the
satisfaction of his obligations;
(ii) The creditor's need for the protection provided
by the insurance; and
(iii) The relation between the amount and terms of
credit granted and the insurance benefits provided.
(b) If consumer credit insurance otherwise complies with
this article and other applicable law, neither the amount nor
the term of the insurance nor the amount of a charge therefor is
in itself unconscionable.

Wyoming § 40-14-406 (Unconscionability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.