Wyoming Statutes

Wyo. Stat. § 40-14-304 (2026)

Definition of "consumer loan"; interests in

✓ current as of May 2026

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land.
     (a) Except with respect to a loan primarily secured by an
interest in land, "consumer loan" is a loan made by a person
regularly engaged in the business of making loans in which:

          (i)    The debtor is a person other than an
organization;

          (ii) The debt is incurred primarily for a personal,
family or household purpose;

          (iii) Either the debt is payable in installments or a
loan finance charge is made; and

          (iv) The principal does not exceed seventy-five
thousand dollars ($75,000.00).

    (b)   Repealed by Laws 1981, ch. 147, § 2.

     (c) "Loan primarily secured by an interest in land" means
a loan made for the purpose of purchasing or acquiring ownership
of land and appurtenances, including structures affixed to the
land, and which is secured by a first mortgage lien. A loan
primarily secured by an interest in land is not a consumer loan,
except that W.S. 40-14-320, 40-14-323, 40-14-354 and 40-14-520
through 40-14-524 shall apply to loans primarily secured by an
interest in land.

Notes of Decisions

Cited in 3 cases, 1981–1984 · leading case: Anderson v. Foothill Indus. Bank, 674 P.2d 232 (Wyo. 1984).

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Anderson v. Foothill Indus. Bank, 674 P.2d 232 (Wyo. 1984). · cites it 2× “A consumer loan is defined in § 40-14-304, W.S.1977, as follows: “(a) Except with respect to a loan primarily secured by an interest in land (section 3-105 [§ 40-14-305]), ‘consumer loan’ is a loan made by a person regularly engaged in the business of making loans ip which: “(i)…”

Foremost Life Ins. Co. v. Langdon, 633 P.2d 938 (Wyo. 1981). · cites it 4× “…§ 40-14-402(a); Consumer Credit sales (§ 40-14-204(a)(ii) Consumer lease (§ 40-14-206(a)(i) Consumer loan (§ 40-14-304(a)(i) Purpose: No limitation Personal, family, household for agricultural purposes § 40-14-402(a); Consumer credit sales (§ 40-14-204(a)(iii)…”

Anderson v. Rocky Mountain Fed. Sav. & Loan Ass'n, 651 P.2d 269 (Wyo. 1982). · cites it 3× “” Section 40-14-304(a), W.S.1977, provides in pertinent part that a consumer loan is a loan in which: “(ii) The debt is incurred primarily for a personal, family, household or agricultor- ' al purpose.”

— Wyo. Stat. § 40-14-304(a) — 1 case

Anderson v. Rocky Mountain Fed. Sav. & Loan Ass'n, 651 P.2d 269 (Wyo. 1982). “” Section 40-14-304(a), W.S.1977, provides in pertinent part that a consumer loan is a loan in which: “(ii) The debt is incurred primarily for a personal, family, household or agricultor- ' al purpose.”

— Wyo. Stat. § 40-14-304(a)(i) — 1 case

Foremost Life Ins. Co. v. Langdon, 633 P.2d 938 (Wyo. 1981). “…§ 40-14-402(a); Consumer Credit sales (§ 40-14-204(a)(ii) Consumer lease (§ 40-14-206(a)(i) Consumer loan (§ 40-14-304(a)(i) Purpose: No limitation Personal, family, household for agricultural purposes § 40-14-402(a); Consumer credit sales (§ 40-14-204(a)(iii)…”

— Wyo. Stat. § 40-14-304(a)(ii) — 2 cases

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