Wyoming § 40-14-106 Waiver; agreement to forego rights; settlement
of claims; legal rate of interest; applicability

Wyoming Statutes

§ 40-14-106 — Waiver; agreement to forego rights; settlement of claims; legal rate of interest; applicability

Wyoming § 40-14-106

Title 40Trade and Commerce

Ch. 14WYOMING UNIFORM CONSUMER CREDIT CODE

Art. 1GENERAL PROVISIONS AND DEFINITIONS

This text of Wyoming § 40-14-106 (Waiver; agreement to forego rights; settlement of claims; legal rate of interest; applicability) 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. § 40-14-106 (2026).

Text

(a)Except as otherwise provided in this act, a buyer, lessee, or debtor may not waive or agree to forego rights or benefits under this act.

(b)A claim by a buyer, lessee, or debtor against a creditor for an excess charge, other violation of this act, or civil penalty, or a claim against a buyer, lessee, or debtor for default or breach of a duty imposed by this act, if disputed in good faith, may be settled by agreement.

(c)A claim, whether or not disputed, against a buyer, lessee, or debtor may be settled for less value than the amount claimed.

(d)A settlement in which the buyer, lessee, or debtor waives or agrees to forego rights or benefits under this act is invalid if the court as a matter of law finds the settlement to have been unconscionable at the time it was made. The competenc

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(a) Except as otherwise provided in this act, a buyer,
lessee, or debtor may not waive or agree to forego rights or
benefits under this act.
(b) A claim by a buyer, lessee, or debtor against a
creditor for an excess charge, other violation of this act, or
civil penalty, or a claim against a buyer, lessee, or debtor for
default or breach of a duty imposed by this act, if disputed in
good faith, may be settled by agreement.
(c) A claim, whether or not disputed, against a buyer,
lessee, or debtor may be settled for less value than the amount
claimed.
(d) A settlement in which the buyer, lessee, or debtor
waives or agrees to forego rights or benefits under this act is
invalid if the court as a matter of law finds the settlement to
have been unconscionable at the time it was made. The competence
of the buyer, lessee, or debtor, any deception or coercion
practiced upon him, the nature and extent of the legal advice
received by him, and the value of the consideration are relevant
to the issue of unconscionability.
(e) If there is no agreement or provision of law for a
different rate, the interest of money shall be at the rate of
seven percent (7%) per annum.
(f) The Financial Technology Sandbox Act shall apply to
this act.