Wyoming § 40-14-102 Purposes; rules of construction

Wyoming Statutes

§ 40-14-102 — Purposes; rules of construction

Wyoming § 40-14-102

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 1GENERAL PROVISIONS AND DEFINITIONS

This text of Wyoming § 40-14-102 (Purposes; rules of construction) 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. § 40-14-102 (2026).

Text

(a)This act shall be liberally construed and applied to promote its underlying purposes and policies.

(b)The underlying purposes and policies of this act are:

(i)To simplify, clarify and modernize the law governing retail installment sales, consumer credit, small loans and usury;

(ii)To provide rate ceilings to assure an adequate supply of credit to consumers;

(iii)To further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost;

(iv)To protect consumer buyers, lessees, and borrowers against unfair practices by some suppliers of consumer credit, having due regard for the interests of legitimate and scrupulous creditors;

(v)To permit and encourage the development o

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(a) This act shall be liberally construed and applied to
promote its underlying purposes and policies.
(b) The underlying purposes and policies of this act are:
(i) To simplify, clarify and modernize the law
governing retail installment sales, consumer credit, small loans
and usury;
(ii) To provide rate ceilings to assure an adequate
supply of credit to consumers;
(iii) To further consumer understanding of the terms
of credit transactions and to foster competition among suppliers
of consumer credit so that consumers may obtain credit at
reasonable cost;
(iv) To protect consumer buyers, lessees, and
borrowers against unfair practices by some suppliers of consumer
credit, having due regard for the interests of legitimate and
scrupulous creditors;
(v) To permit and encourage the development of fair
and economically sound consumer credit practices;
(vi) To conform the regulation of consumer credit
transactions to the policies of the federal Consumer Credit
Protection Act; and
(vii) To make uniform the law, including
administrative rules, among the various jurisdictions.
(c) A reference to a requirement imposed by this act
includes reference to a related rule of the administrator
adopted pursuant to this act.