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Section 40-14-306 - Definition of "Loan" — Wyoming Law | CourtGPT
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  5. Chapter 14 - Wyoming Uniform Consumer Credit Code/
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  7. Section 40-14-306 - Definition of "Loan"
Wyoming Legal Code

Section 40-14-306 - Definition of "Loan"

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40-14-306. Definition of 'loan'. (a) 'Loan' includes: (i) The creation of debt by the lender's payment of or agreement to pay money to the debtor or to a third party for the account of the debtor; (ii) The creation of debt by a credit to an account with the lender upon which the debtor is entitled to draw immediately; (iii) The creation of debt pursuant to a lender credit card or similar arrangement; and (iv) The forbearance of debt arising from a loan.