Loan Rates and Fees in Wyoming

Wyoming does not set a maximum loan amount for payday loans (called "post-dated check" transactions under state law). A licensed lender can charge up to $30 per $100 borrowed - labeled "finance charge" on your agreement - with terms up to one calendar month. No statewide loan database is required.

On a $300 loan due in 14 days, the maximum fee is $90, making your total repayment $390. Your agreement will show roughly 782% APR - that figure reflects the 14-day fee scaled to a full year, as required by federal disclosure rules.

• Rollovers: Wyoming law prohibits rolling over a payday loan into a new one - if a lender offers a rollover, verify with the Wyoming Division of Banking.
• Returned payment fee - labeled "NSF fee" or "returned check fee" on your agreement - has no specific cap confirmed in current Wyoming statute; ask the lender for the exact amount before you sign.
• Database or verification fee: Wyoming does not require a statewide loan database; if you see this line item, ask the lender for the exact amount before you sign.

If an offer exceeds these limits, verify with the Wyoming Division of Banking.

Wyoming licenses installment lenders under the Wyoming Uniform Consumer Credit Code (W.S. Title 40, Chapter 14), which caps interest using a tiered structure based on the unpaid balance. Interest accrues on the declining balance - you pay interest only on what you still owe.

Any origination or prepaid finance charges count toward the rate cap above and cannot be layered on top of the maximum interest rate; confirm the full fee structure with the lender or the Wyoming Division of Banking.

On a $1,000 loan at 36% annual interest for 12 months, you'd repay approximately $1,197 total - roughly $197 in interest plus $1,000 in principal, assuming equal monthly payments on a declining balance.

• Refinancing restarts interest on the new amount - compare your remaining balance to the new loan's total of payments before you agree.
• Returned payment fee: same rule as payday - no specific cap confirmed in current Wyoming statute; ask the lender for the exact amount before you sign.
• Late fee - labeled "delinquency charge" on some agreements - has no specific dollar cap confirmed in current public statute text; ask the lender for the exact amount and grace period before you sign.
• Prepayment: you can pay off early with no penalty, and interest stops accruing on the date you pay - see installment loans in Wyoming for repayment details.

If an offer exceeds these limits, verify with the Wyoming Division of Banking.

• Returned payment fee: no confirmed state cap - ask the lender for the exact amount before you sign.
• Total of payments: add up every scheduled payment on the agreement and confirm it matches the "total of payments" disclosure.
• Military/MLA: if you're an active-duty service member or dependent, federal law caps your rate at 36% APR.