No Maximum Loan Amount
Payday loans are legal in Wyoming, officially structured as a "post-dated check or similar agreement." Unlike most states, Wyoming sets no maximum on how much a lender can advance — loans are instead capped by term, running no longer than one calendar month.
The Fee Structure
State law allows a maximum finance charge of $30, or 20% of the principal, whichever is greater, calculated on a full calendar month. On a typical 14-day, $100 loan, that fee structure works out to an APR around 780% — among the highest effective rates of any state with legal payday lending.
No Rollovers
Wyoming law doesn't permit borrowers to roll over or refinance a payday loan. If a loan can't be repaid on schedule, it can't simply be extended into a new loan by the lender — though without a rollover mechanism, unpaid balances can still accumulate additional debt through other means.
| Factor | Wyoming Rule |
|---|---|
| Maximum loan amount | No state cap |
| Finance charge | Greater of $30 or 20% of principal, per month |
| Loan term | Up to 1 calendar month |
| Rollovers | Not permitted |
Because Wyoming has no dollar cap, it's especially important to calculate the total fee on the exact amount you're borrowing before agreeing to a loan.
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