Wyoming Commercial Credit & Collection Information
INTEREST RATE
-
Legal: 7%
-
Judgment: contract rate or 10%
STATUTE OF LIMITATIONS
(IN YEARS)
- Open Acct.: 8
- Written Contract: 10
- Domestic Judgment: 5
- Foreign Judgment: 5
BAD CHECK LAWS (CIVIL
PENALTY)
Triple the face amount, No less than $100. Plus $30 collection fee, and
court costs
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:
Determined by board
- 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.
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