{"data":{"id":"us-wy/wyo.-stat.-40-14-102","jurisdiction":"us-wy","citation":"Wyo. Stat. § 40-14-102","heading":"Purposes; rules of construction.","body":"(a) This act shall be liberally construed and applied to promote its underlying purposes and policies.\n(b) The underlying purposes and policies of this act are:\n(i) To simplify, clarify and modernize the law governing retail installment sales, consumer credit, small loans and usury;\n(ii) To provide rate ceilings to assure an adequate supply of credit to consumers;\n(iii) To further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost;\n(iv) To protect consumer buyers, lessees, and borrowers against unfair practices by some suppliers of consumer credit, having due regard for the interests of legitimate and scrupulous creditors;\n(v) To permit and encourage the development of fair and economically sound consumer credit practices;\n(vi) To conform the regulation of consumer credit transactions to the policies of the federal Consumer Credit Protection Act; and\n(vii) To make uniform the law, including administrative rules, among the various jurisdictions.\n(c) A reference to a requirement imposed by this act includes reference to a related rule of the administrator adopted pursuant to this act.","path":["TITLE 40 - TRADE AND COMMERCE","CHAPTER 14 - WYOMING UNIFORM CONSUMER CREDIT CODE","ARTICLE 1 - GENERAL PROVISIONS AND DEFINITIONS"],"source_url":"https://wyoleg.gov/statutes/compress/title40.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"8ea65b76929d4812378f2e7f0590f2e3051112cbe450705a03042434a866802c","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-40-14-101","next":"us-wy/wyo.-stat.-40-14-103"},"notice":"GroundRules: Original legal text. Not legal advice."}