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Can you summarize WYST Title 40, Chapter 14, Article 3?
WYOMING UNIFORM CONSUMER CREDIT CODE > LOANS
Short Summary
The provided legal document content pertains to the Wyoming Uniform Consumer Credit Code, specifically focusing on consumer loans, loan finance charges, revolving loan accounts, deferral charges, loan refinancing and consolidation, pawn transactions, and post-dated check cashing. The documents define key terms such as ‘consumer loan’, ’lender’, ‘precomputed’, ‘principal’, and ’loan finance charge’. They outline the requirements and limitations for loan finance charges, including maximum rates and classifications based on amounts financed. The documents also cover provisions for revolving loan accounts, delinquency charges, deferral charges, loan refinancing and consolidation, and the inclusion of additional charges. In the context of pawn transactions, the documents specify limits on pawn finance charges, amount financed, and terms. They also address post-dated check cashing, including maximum charges, rescission rights, and extended payment plans. The documents do not mention any specific exemptions or penalties for non-compliance or violation. Overall, these legal documents provide a comprehensive framework for regulating consumer loans, pawn transactions, and post-dated check cashing in Wyoming.
Whom does it apply to?
Lenders, debtors, pawnbrokers, post-dated check cashers
What does it govern?
Consumer loans, loan finance charges, revolving loan accounts, deferral charges, loan refinancing and consolidation, pawn transactions, post-dated check cashing
What are exemptions?
The documents do not mention any specific exemptions.
What are the Penalties?
The documents do not specify any penalties for non-compliance or violation.
Jurisdiction
Wyoming