Wyoming § 40-14-507 Extortionate extensions of credit

Wyoming Statutes

§ 40-14-507 — Extortionate extensions of credit

Wyoming § 40-14-507

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 5REMEDIES AND PENALTIES

This text of Wyoming § 40-14-507 (Extortionate extensions of credit) 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. § 40-14-507 (2026).

Text

(a)If it is the understanding of the creditor and the debtor at the time an extension of credit is made that delay in making repayment or failure to make repayment could result in the use of violence or other criminal means to cause harm to the person, reputation, or property of any person, the repayment of the extension of credit is unenforceable through civil judicial processes against the debtor.

(b)If it is shown that an extension of credit was made at an annual rate exceeding forty-five percent (45%) calculated according to the actuarial method and that the creditor then had a reputation for the use or threat of use of violence or other criminal means to cause harm to the person, reputation, or property of any person to collect extensions of credit or to punish the nonrepayment ther

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(a) If it is the understanding of the creditor and the
debtor at the time an extension of credit is made that delay in
making repayment or failure to make repayment could result in
the use of violence or other criminal means to cause harm to the
person, reputation, or property of any person, the repayment of
the extension of credit is unenforceable through civil judicial
processes against the debtor.
(b) If it is shown that an extension of credit was made at
an annual rate exceeding forty-five percent (45%) calculated
according to the actuarial method and that the creditor then had
a reputation for the use or threat of use of violence or other
criminal means to cause harm to the person, reputation, or
property of any person to collect extensions of credit or to
punish the nonrepayment thereof, there is prima facie evidence
that the extension of credit was unenforceable under subsection
(a) of this section.