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Wyoming Statutes Title 40. Trade and Commerce § 40-14-316. Conversion to revolving loan account

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The parties may agree to add to a revolving loan account the unpaid balance of a consumer loan, not made pursuant to a revolving loan account, or a refinancing, or consolidation thereof, or the unpaid balance of a consumer credit sale, refinancing or consolidation. For the purpose of this section:

(i) The unpaid balance of a consumer loan, refinancing, or consolidation is an amount equal to the principal determined according to the provisions on refinancing (W.S. 40-14-314); and

(ii) The unpaid balance of a consumer credit sale, refinancing, or consolidation is an amount equal to the amount financed determined according to the provisions on refinancing (W.S. 40-14-216).

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Cite this article: FindLaw.com - Wyoming Statutes Title 40. Trade and Commerce § 40-14-316. Conversion to revolving loan account - last updated January 01, 2024 | https://codes.findlaw.com/wy/title-40-trade-and-commerce/wy-st-sect-40-14-316/

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