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Wyoming Collection Laws The following is a summary of the Wyoming Collection Laws. The information here may not be 100% accurate and should not to be construed as legal advise. We make no warranty, express or implied concerning any information contained on this Wyoming Collection Laws page, and we assume no liability for its use. Wyoming Collection Laws Interest Rate Legal: 7% Judgment: contract rate or 10% judgment rate Wyoming Collection Laws Statute Of Limitations (Years) Open account: 8 Written Contract: 10 Domestic Judgment: 5 Foreign Judgment: 5 Wyoming Collection Laws Bad Check Laws (NSF) (Civil Penalty) Double the face amount plus damages equal to collection cost and reasonable attorney fees Wyoming Collection Laws General Garnishment Exemptions See federal law for consumer credit sale, lease or loan. Up to 65% for child support arrearage Wyoming Collection Laws Collection Agency Bond & Licensing Rules 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. Rapid Recovery hopes that this information assists you in finding a Wyoming Collection Agency and researching Wyoming collection laws. |