{"data":{"id":"us-wy/wyo.-stat.-34.1-9-628","jurisdiction":"us-wy","citation":"Wyo. Stat. § 34.1-9-628","heading":"Nonliability and limitation on liability of secured party; liability of secondary obligor.","body":"(a) Unless a secured party knows that a person is a debtor or obligor, knows the identity of the person, and knows how to communicate with the person:\n(i) The secured party is not liable to the person, or to a secured party or lienholder that has filed a financing statement against the person, for failure to comply with this article; and\n(ii) The secured party's failure to comply with this article does not affect the liability of the person for a deficiency.\n(b) A secured party is not liable because of its status as secured party:\n(i) To a person that is a debtor or obligor, unless the secured party knows:\n(A) That the person is a debtor or obligor;\n(B) The identity of the person; and\n(C) How to communicate with the person; or\n(ii) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:\n(A) That the person is a debtor; and\n(B) The identity of the person.\n(c) A secured party is not liable to any person, and a person's liability for a deficiency is not affected, because of any act or omission arising out of the secured party's reasonable belief that a transaction is not a consumer-goods transaction or a consumer transaction or that goods are not consumer goods, if the secured party's belief is based on its reasonable reliance on:\n(i) A debtor's representation concerning the purpose for which collateral was to be used, acquired or held; or\n(ii) An obligor's representation concerning the purpose for which a secured obligation was incurred.\n(d) A secured party is not liable to any person under section 34.1-9-625(c)(ii) for its failure to comply with section 34.1-9-616.\n(e) A secured party is not liable under section 34.1-9-625(c)(ii) more than once with respect to any one (1) secured obligation.","path":["TITLE 34.1 - UNIFORM COMMERCIAL CODE","ARTICLE 9 - SECURED TRANSACTIONS","PART 6 DEFAULT"],"source_url":"https://wyoleg.gov/statutes/compress/title34.1.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"6b8c926addb370ded066b5750f140aa109d9be13fae717087055377220b4ec1f","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-34.1-9-627","next":"us-wy/wyo.-stat.-34.1-9-701"},"notice":"GroundRules: Original legal text. Not legal advice."}