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Usury Laws in Wyoming

Wyoming applies a 7% interest rate when no rate is agreed, and lenders who willfully overcharge on consumer loans commit a misdemeanor.

Last checked . General information, not legal advice.

Wyoming at a glance

Legal rate (no rate agreed)
7%
Criminal usury
Willful overcharge on a consumer loan: misdemeanor
Up to $1,000 fine, 6 months in jail, or both. Consumer loans are those made by people regularly in the lending business.

Sources

Last checked

The rules in Wyoming

What interest rate applies in Wyoming when no rate was agreed?

Legal rate (no rate agreed) in Wyoming: 7%.

When is charging high interest a crime in Wyoming?

Criminal usury in Wyoming: Willful overcharge on a consumer loan: misdemeanor. Up to $1,000 fine, 6 months in jail, or both. Consumer loans are those made by people regularly in the lending business.

Where do the Wyoming usury laws come from?

The rules above come from Wyo. Stat. 40-14-106, Wyo. Stat. 40-14-304, Wyo. Stat. 40-14-310 and Wyo. Stat. 40-14-540. Each source is linked on this page. We last checked them in October 2026.

Good to know

Consumer loans by people regularly in the lending business are capped at 36% a year on the first $1,000 and 21% above that.

What this means in practice

Put the interest rate in writing. Many usury statutes set one limit for written agreements and a different, often lower, rate when nothing was agreed in writing. A signed promissory note or loan agreement that states the rate, the payment schedule and what happens on late payment avoids most disputes.

Count every charge, not only the stated rate. Courts may treat fees, points, required extras or a discount taken from the amount lent as interest when deciding whether a loan is usurious. A loan with a modest rate and large fees can still cross the limit.

Check who the lender is and what the loan is for. Usury limits often do not apply, or apply differently, to banks, licensed consumer lenders, credit card issuers, larger loans and loans to businesses or corporations. A rule written for loans between individuals may not cover your situation, so read the statute and its exceptions.

General information, not legal advice. Laws change, and cities can add their own rules, so check the current statute before you rely on it.