Section 3-2 - Definitions (a) As used in this Chapter and the Wyoming Consumer Rental-Purchase Agreement Act: - (i) All of the definitions set forth in W.S. 40-19-102 are incorporated herein by reference.
- (ii) "Financial statement" means any report summarizing the financial condition or financial results of an applicant on any date or for any period. Financial statements include the balance sheet and the income statement.
- (iii) "Initial period" means from the date of inception to the first scheduled payment.
- (iv) "Monthly" means each calendar month. Monthly payments shall expire on the same date in the succeeding month if there is such a date, otherwise on the last day of the succeeding month. If the payment due date is not a business day, the periodic payment shall expire on the next business day.
- (v) "Regularly provides" means providing the use of property under rental-purchase agreements, but only if the merchant made more than twenty-five (25) such agreements in the preceding calendar year. If a merchant did not meet these numerical standards in the preceding calendar year, the numerical standards shall be applied to the current calendar year.
- (vi) "Weekly" means every seven (7) consecutive calendar days. Weekly payments shall expire on the same day in the succeeding week. If the payment due date is not a business day, the periodic payment shall expire on the next business day.