A guide to Payday Loans in Wyoming, USA.
What are the Citation (s) to Payday Loan or Small Loan Laws in
Wyoming?
A: The relevant citation regarding Payday Loans in the Wyoming State Jurisdiction is
Wy. Stat. 40-14-362 et seq.
Montana State Payday Loan FAQs:
Q: Are Payday Loans legal in Wyoming?
A: Yes Payday Loans are legal in Wyoming.
Q: What is the Maximum Cash Advance Loan Amount in Wyoming?
A: The maximum payday loan amount is not specified.
Q: What is the Maximum Payday Loan Term in Wyoming State?
A: The Maximum Payday Loan Term in Wyoming is one calendar month.
Q: What is the Maximum Fee for Cash Advance Loans in Wyoming?
A: The maximum Finance Rate and Fees for Cash advance loans in Wyoming is the greater of 20% or $30. (So, if you take a loan of $100, you will be charged $30 as fee, but if you take a loan of $200 you will be charged $40 (20 percent of $200) as
fee)
Q: What is the Finance charge for 14-day $100 payday loan in Wyoming State?
A: The finance charge for a 14-day $100 loan in Wyoming is $30.
Q: What is the APR for 14-day $100 payday loan in Wyoming?
A: The APR for 14-day $100 payday loan in Wyoming is 780 percent.
Q: Is there a limit on the number of payday loans I can take at one time In Wyoming?
A: How many payday loans you can take at one time in Not Specified.
Q: How many times can the lender rollover my payday loan in Wyoming?
A: None, you cannot repay, refinance or consolidate an old payday loan by taking another loan.
Q: If I cannot repay my payday loan can the lender initiate a criminal action?
A: No, the lender cannot initiate a criminal action prior to date on instrument (before the due date)
Contact the Department Of Financial Institutions
If you have questions about payday loans please contact the Wyoming Department of Financial Institutions at:
Wyoming Division of Banking
Address: Uniform Consumer Credit Code, 122 West 25th Street Cheyenne, WY 82002
Phone: (307) 777-7797
Fax: (307) 777-3555
Regulatory Contact: Joe Mulberry, UCCC Supervisor
Website: http://audit.state.wy.us/banking/
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