Wyoming Collection Agency Laws

Wyoming Collection Agency Laws that regulate debt collection.

The Creditors Guide To Wyoming Collection Laws

Following is a some important information on WyomingCollection Laws including: Wyoming Statutes, Wyoming Judgments, Wyoming Garnishments, Wyoming Interest Rates, Wyoming Bad Check Laws and Wyoming Collection Agency Requirements. Please be sure that you check the Wyoming State website for the latest updates to the Wyoming Collection Agency 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 reasonableattorney fees.

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

Recommended Wyoming Collection Agency Listings:

WyomingCollection Agency
Debt-Collection-Laws.com offers you a directory of the top ranked debt collection agencies in the United States by state.

Please note this website site not intended to give legal advice and may not be complete or up to date with the most current Wyoming collection laws changes.

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