Wyoming Statutes

Wyo. Stat. § 40-14-204 (2026)

Definition of "consumer credit sale."

✓ current as of May 2026

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(a) Except as provided in subsection (b) of this section,
"consumer credit sale" is a sale of goods, services or an
interest in land in which:

          (i) Credit is granted by a person who regularly
engages as a seller in credit transactions of the same kind;

          (ii)   The buyer is a person other than an
organization;

          (iii) The goods, services or interest in land are
purchased primarily for a personal, family or household purpose;

          (iv) Either the debt is payable in installments or a
credit service charge is made; and
          (v) With respect to a sale of goods or services, the
amount financed does not exceed seventy-five thousand dollars
($75,000.00).

     (b) Unless the sale is made subject to this act by
agreement pursuant to W.S. 40-14-256, "consumer credit sale"
does not include:

          (i) A sale in which the seller allows the buyer to
purchase goods or services pursuant to a lender credit card or
similar arrangement; or

          (ii) A sale of an interest in land if the credit
service charge does not exceed eighteen percent (18%) per year
calculated according to the actuarial method on the unpaid
balances of the amount financed on the assumption that the debt
will be paid according to the agreed terms and will not be paid
before the end of the agreed term, except as provided for
disclosure and debtors' remedies in W.S. 40-14-520.

    (c)    Repealed by Laws 1981, ch. 147, § 2.

Notes of Decisions

Cited in 3 cases, 1981–2011 · leading case: Iberlin v. TCI Cablevision of Wyoming, Inc., 855 P.2d 716 (Wyo. 1993).

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Iberlin v. TCI Cablevision of Wyoming, Inc., 855 P.2d 716 (Wyo. 1993). · cites it 8× “Wyo. Stat. § 40-14-204(a) (Supp.1992). In this instance, the debate focuses on subsections (i) and (iv) of the statute.”

Foremost Life Ins. Co. v. Langdon, 633 P.2d 938 (Wyo. 1981). · cites it 6× “However, the definitional sections of Article 4 for the three consumer credit transactions for which credit insurance may be issued, consumer credit sales (§ 40-14-204, W.S. 1977), consumer leases (§ 40-14-206, W.”

Vogel v. Onyx Acceptance Corp., 267 P.3d 1057 (Wyo. 2011). · cites it 2× “" Section 40-14-204(a). Pursuant to this provision, transactions such as occurred here between automobile dealers and their customers are consumer credit sales, ie.”

— Wyo. Stat. § 40-14-204(a) — 2 cases

Iberlin v. TCI Cablevision of Wyoming, Inc., 855 P.2d 716 (Wyo. 1993). “Wyo. Stat. § 40-14-204(a) (Supp.1992). In this instance, the debate focuses on subsections (i) and (iv) of the statute.”

Vogel v. Onyx Acceptance Corp., 267 P.3d 1057 (Wyo. 2011). “" Section 40-14-204(a). Pursuant to this provision, transactions such as occurred here between automobile dealers and their customers are consumer credit sales, ie.”

— Wyo. Stat. § 40-14-204(a)(ii) — 1 case

Foremost Life Ins. Co. v. Langdon, 633 P.2d 938 (Wyo. 1981). “However, the definitional sections of Article 4 for the three consumer credit transactions for which credit insurance may be issued, consumer credit sales (§ 40-14-204, W.S. 1977), consumer leases (§ 40-14-206, W.”

— Wyo. Stat. § 40-14-204(a)(iii) — 1 case

— Wyo. Stat. § 40-14-204(a)(iv) — 1 case

Iberlin v. TCI Cablevision of Wyoming, Inc., 855 P.2d 716 (Wyo. 1993). “Wyo. Stat. § 40-14-204(a) (Supp.1992). In this instance, the debate focuses on subsections (i) and (iv) of the statute.”

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