Wyoming Collection Laws

INTEREST RATE

• Legal: 7%
• Judgment: contract rate or 10% judgment rate

STATUTE OF LIMITATIONS (IN YEARS)

• Open Acct.: 8
• Written Contract: 10
• Domestic Judgment: 5
• Foreign Judgment: 5

BAD CHECK LAWS (CIVIL PENALTY)
Double the face amount plus damages equal to collection cost and reasonable attorney fees.

GENERAL GARNISHMENT EXEMPTIONS
See federal law for consumer credit sale, lease or loan. Up to 65% for child support arrearage.

COLLECTION AGENCY BOND & LICENSE

• Bond: $10,000
• License: Yes
• Fee:
  • $200 - Original
  • $100 - Renewal
  • $100 - Branch
• Exemption for out-of-state collectors: Out-of-state agencies may bypass licensing if they are not [1] soliciting clients in Wyoming; or [2] collecting for Wyoming creditors.

This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.