What a title loan costs — before Wyoming’s rules
A title loan is usually a single-payment loan due in 15–30 days at around 25% per month — roughly 300% APR — secured by your vehicle. The defining risk is not the rate but the collateral: miss a payment and the lender can repossess the car, and research finds about one in five borrowers eventually loses the vehicle. Where a state caps rates low, single-payment title lending is not offered and a loan above the cap is generally void.
The law in Wyoming
- Rate cap
- No general rate cap for licensed supervised lenders; consumer-loan finance charges above the base rate are permitted for licensees, so title loans carry very high APRs (commonly reported in the 200%-300%+ range). Wyoming appears on CFA's list of states permitting high-cost car-title loans.
- Key law
- Wyoming Uniform Consumer Credit Code, Wyo. Stat. Title 40, ch. 14 (supervised loans; Division of Banking oversight).
- Enforcement
- Licensed and regulated by the Wyoming Division of Banking, which issues supervised-lender licenses and handles consumer complaints. Wyoming's UCCC framework does not impose a binding ceiling on supervised-lender rates.
Wyoming's Uniform Consumer Credit Code (Wyo. Stat. Title 40, ch. 14) sets no binding rate cap for licensed supervised lenders, allowing triple-digit title-loan APRs.
What it means for a Wyoming borrower
Auto title loans are legal in Wyoming and there is no meaningful cap on what a licensed lender can charge, so APRs are very high. Lenders must hold a supervised-lender license from the Division of Banking. Terms are typically short (around 30 days) and your vehicle can be repossessed if you default.
Before you borrow in Wyoming
- Check whether the lender is licensed in Wyoming — many high-cost online lenders are not.
- Revoke ACH authorization in writing to stop automatic withdrawals from your account.
- File a complaint with the Wyoming attorney general and the CFPB.
- Ask whether the balance is even collectable under Wyoming law before you pay a collector.
Cheaper first — try these before a title loan in Wyoming
Title Loans and tribal lenders in Wyoming
Many online lenders that market title loans to Wyoming residents are tribal lenders arguing their sovereignty places them outside state rate caps — a separate legal question this site tracks in depth. For which tribal brands lend to Wyoming residents and how state law applies to them, see the Wyoming tribal-lending page.
Tribal loans in Wyoming →Frequently asked questions
Are title loans legal in Wyoming?
In Wyoming, single-payment auto title loans are legal and enforceable, commonly around 300% APR, with the car as collateral. The speed is real; so is the repossession risk. Check the total cost and never pledge the car you rely on to get to work.
What is the maximum title loan rate in Wyoming?
No general rate cap for licensed supervised lenders; consumer-loan finance charges above the base rate are permitted for licensees, so title loans carry very high APRs (commonly reported in the 200%-300%+ range). Wyoming appears on CFA's list of states permitting high-cost car-title loans.
What can I do about a title loan I already have in Wyoming?
Wyoming allows this lending, so the loan is generally enforceable — but you can still revoke ACH authorization in writing, avoid taking a second loan to cover the first, and file a complaint with the Wyoming attorney general or the CFPB if the lender breaks the rules.