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Section 40-14-363 - License Required; Post-Dated Check Finance Charge; Limits on Amount Financed and Terms; Minimum Finance Charge — Wyoming Law | CourtGPT
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  7. Section 40-14-363 - License Required; Post-Dated Check Finance Charge; Limits on Amount Financed and Terms; Minimum Finance Charge
Wyoming Legal Code

Section 40-14-363 - License Required; Post-Dated Check Finance Charge; Limits on Amount Financed and Terms; Minimum Finance Charge

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40-14-363. License required; post-dated check finance charge; limits on amount financed and terms; minimum finance charge. (a) No person shall engage in business as a post-dated check casher in this state unless licensed in accordance with W.S. 40-14-634. No post-dated check casher may contract for, charge or receive any amount as a charge in connection with a post-dated check or similar arrangement other than a post-dated check finance charge as stated in this subsection. No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance of the post-dated check or similar arrangement. (b) The maximum term of any post-dated check or similar arrangement subject to this part shall be one (1) calendar month. Extended payment plans under W.S. 40-14-366 are not subject to this subsection. (c) Post-dated check finance charges are fully earned on the day the post-dated check or similar arrangement is made.