Wyoming Uniform Consumer Credit Code

The Uniform Consumer Credit Code governs consumer credit transactions — including credit sales of goods, services, and interests in land, consumer leases, revolving charge accounts, and consumer loans — by setting the terms on which credit may be extended to individuals for personal, family, or household purposes. It caps and regulates the charges a creditor may impose, covering credit service charges, permitted additional charges, delinquency and deferral charges, and the treatment of refinancing and consolidation, while defining which transactions and persons are exempt from its reach. It also establishes borrower protections such as the right to prepay without penalty with a rebate of unearned charges, limits on waiver of rights and settlement of claims, and administrative enforcement, including periodic adjustment of its dollar thresholds and rules against structuring transactions to evade its requirements.

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