Post-dated checks.

WORKING DRAFT
2005
STATE OF WYOMING
05LSO-0626

HOUSE BILL
NO.
HB0303

Post-dated checks.

Sponsored by:
Representative(s) Lubnau

A BILL

for

AN ACT relating to the uniform consumer credit code; providing for charges for dishonored post-dated checks; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1.
W.S. 40
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14
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363(a) is amended to read:

40
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14
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363.

License required; post-dated check finance charge; limits on amount financed and terms; minimum finance charge.

(a)

No person shall engage in business as a post-dated check casher in this state unless licensed in accordance with W.S. 40
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14
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634. No post-dated check casher may contract for, charge or receive any amount as a charge in connection with a post-dated check or similar arrangement other than a post-dated check finance charge as stated in this subsection
and collection fees, court awarded costs and attorneys fees for dishonored checks provided pursuant to W.S. 1
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1
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115
. No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance of the post-dated check or similar arrangement.

Section 2.
This act is effective July 1, 2005.

(END)

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HB0303