§ 40-14-632 — Fees

Wyoming § 40-14-632

• Jurisdiction: Wyoming
• Title 40: Trade and Commerce
• Ch. 14: WYOMING UNIFORM CONSUMER CREDIT CODE
• Art. 6: ADMINISTRATION

Text

(a) A person required to file notification shall on or
before January 31 of each year pay to the administrator an
annual fee of twenty-five dollars ($25.00) for that year.
(b) Persons required to file notification who are sellers,
lessors or lenders shall pay an additional fee at the time and
in the manner stated in subsection (a) of this section of
twenty-five dollars ($25.00) for each one hundred thousand
dollars ($100,000.00), or part thereof, in excess of one hundred
thousand dollars ($100,000.00), of the original unpaid balances
arising from consumer credit sales, consumer leases and consumer
loans made in this state within the preceding calendar year and
held either by the seller, lessor or lender for more than thirty
(30) days after the inception of the sale, lease or loan giving
rise to the obligations, or by an assignee who has not filed
notification. A refinancing of a sale, lease or loan resulting
in an increase in the amount of an obligation is considered a
new sale, lease or loan to the extent of the amount of the
increase. The administrator may by rule increase this fee to an
amount not greater than thirty-five dollars ($35.00) per one
hundred thousand dollars ($100,000.00), or part thereof, in
excess of one hundred thousand dollars ($100,000.00) of the
original unpaid balances if he determines that an increase is
necessary to cover the cost of administration of this act.
(c) Persons required to file notification who are
assignees shall pay an additional fee at the time and in the
manner stated in subsection (a) of this section of twenty-five
dollars ($25.00) for each one hundred thousand dollars
($100,000.00), or part thereof, of the unpaid balances at the
time of the assignment of obligations arising from consumer
credit sales, consumer leases and consumer loans made in this
state taken by assignment during the preceding calendar year,
but an assignee need not pay a fee with respect to an obligation
on which the assignor or other person has already paid a fee.
The administrator may by rule increase this fee to an amount not
greater than thirty-five dollars ($35.00) per one hundred
thousand dollars ($100,000.00), or part thereof, in excess of
one hundred thousand dollars ($100,000.00) if he determines that
an increase is necessary to cover the cost of administration of
this act.
(d) Fees charged, paid and collected under this section
shall be subject to the requirements of W.S. 13-1-603(d) through
(f).