2025
STATE OF WYOMING
25LSO-06281SF0146
SENATE FILE NO. SF0146
Consumer Rental Purchase Agreement Act-amendments.
Sponsored by: Senator(s) Boner and Case and
Representative(s) Andrew, Brown, L, Davis,
Larsen, L, Larson, JT, Lawley, Singh and
Tarver
A BILL
for
1 AN ACT relating to trade and commerce; amending the Wyoming
2 Consumer Rental-Purchase Agreement Act as specified;
3 amending licensing requirements; amending disclosure
4 requirements; providing for digital agreements; providing
5 definitions; providing limitations; requiring rulemaking;
6 making conforming amendments; and providing for effective
7 dates.
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11. W.S. 40-19-102(a)(xi)(intro), by creating
12 new paragraphs (xii) through (xv) and by renumbering (xii)
13 as (xvi), 40-19-103, 40-19-106 by creating a new subsection
14 (g), 40-19-107(a)(xi) and (xiii), 40-19-109(a), 2025STATE OF WYOMING25LSO-06282SF0146
1 40-19-111(a)(intro) and (ii)(intro), 40-19-113 by creating
2 a new subsection (f), 40-19-114(a), (e) through (g),
3 (h)(intro) and (j) and 40-19-115 by creating a new
4 subsection (h) are amended to read:
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8 (a) As used in this act:
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10 (xi) "Rental-purchase agreement" means an
11 agreement, which may be in digital form, between a consumer
12 and merchant for the use of property by the consumer
13 primarily for personal, family or household purposes:
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14 (xvi)
15 through 40-19-120.
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19 Notices required by this act shall be given personally or
20 sent by first class or registered mail to the known
21 residential address of the consumer. Notice, if
22 by mail, is given when deposited in a mailbox properly
23 addressed and postage prepaid. 2025STATE OF WYOMING25LSO-06284SF0146
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18 (a) For each rental-purchase agreement, the merchant
19 shall disclose in the agreement the following items as
20 applicable:
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22 (xi) A statement that the consumer may terminate
23 the agreement without penalty by voluntarily surrendering 2025STATE OF WYOMING25LSO-06285SF0146
1 or returning the property in good repair, reasonable wear
2 and tear excepted,
3 along with any past due rental
4 payments upon expiration of any rental period;
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6 (xiii) The following notice printed or typed in
7 a size equal to or greater than ten (10) point bold type
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13 NOTICE TO CONSUMER
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17DO NOT SIGN THIS AGREEMENT BEFORE YOU
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23 2025STATE OF WYOMING25LSO-06286SF01461 (a) In any rental-purchase agreement, after a
2 consumer is in default for three (3) business days or more
3 and does not voluntarily surrender possession of the rented
4 property, a merchant may give the consumer the notice
5 provided in this section. Notice may be given to the
6 consumer under this section by the merchant personally
7 delivering the notice to the consumer or by mailing the
8 notice to the consumer's last known residential address.
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17 (a) A consumer and merchant may contract for a
18 liability damage waiver . The
19 selling or offering for sale of a liability damage waiver
20 pursuant to this act shall be subject to the following
21 prohibitions and requirements:
22 2025STATE OF WYOMING25LSO-06287SF01461 (ii) The liability damage waiver contract shall
2 include a statement of the fee for the liability damage
3 waiver and shall display the following notice printed or
4 typed in a size equal to or greater than ten (10) point
5 bold type
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10 NOTICE: THE PURCHASE OF THIS LIABILITY DAMAGE WAIVER
11 IS NOT MANDATORY AND MAY BE DECLINED. THIS CONTRACT
12 OFFERS, FOR AN ADDITIONAL CHARGE, A LIABILITY DAMAGE WAIVER
13 TO COVER YOUR RESPONSIBILITY FOR DAMAGE TO THE PROPERTY.
14 BEFORE DECIDING WHETHER TO PURCHASE THE LIABILITY DAMAGE
15 WAIVER, YOU MAY WISH TO DETERMINE WHETHER YOUR HOMEOWNER'S
16 OR CASUALTY INSURANCE, IF ANY, AFFORDS YOU COVERAGE FOR
17 DAMAGE TO THE RENTAL PROPERTY AND THE AMOUNT OF THE
18 DEDUCTIBLE UNDER YOUR OWN INSURANCE COVERAGE.
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21 (a) Any person acting as a merchant, as defined by
22 W.S. 40-19-102(a)(viii), in this state shall be licensed 2025STATE OF WYOMING25LSO-06289SF0146
1 to conduct such business
2 under this section.
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4 (e) The applicant shall be notified when the
5 application is approved. Within twenty (20) days after
6 notification, the applicant shall pay an initial license
7 fee
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5 (f) Each , including
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7 shall be
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13 (g) Each license shall state the address
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15 the name of the licensee. The license shall be prominently
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21 The license shall not be transferable or
22 assignable.
23 2025STATE OF WYOMING25LSO-062811SF01461 (h) If a licensee wishes to move
2 to another location,
3 the licensee shall:
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5 (j) Each license issued under this section shall
6 expire on . The license shall be renewed
7 annually not less than thirty (30) days before the
8 expiration date. The
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10 renewal fee shall
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12only include the following:
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18. A merchant with any office or place of
19 business licensed under W.S. 40-19-114(a) as amended by
20 this act, as of July 1, 2025 shall be considered licensed
21 statewide with the license expiring on December 31, 2025.
22 2025STATE OF WYOMING25LSO-062813SF01461The state banking commissioner shall
2 promulgate any rules necessary to implement this act.
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6 (a) Except as provided in subsection (b) of this
7 section, this act is effective July 1, 2025.
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9 (b)
10 immediately upon completion of all acts necessary for a
11 bill to become law as provided by Article 4, Section 8 of
12 the Wyoming Constitution.
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14 (END)