Late Fees on Invoices in Wyoming
What Wyoming contractors and small businesses need to know about charging late fees, interest rates, prompt payment laws, and mechanics lien deadlines.
Max Interest Rate
7% per annum (default legal rate); higher by written agreement
Small Claims Limit
$6,000
Small Claims Court (Circuit Court)
Mechanics Lien Deadline
150 days from the last day of furnishing labor or materials
Wyoming Prompt Payment Act
Wyoming Prompt Payment Act, Wyo. Stat. § 16-6-602
Wyoming requires state agencies to pay within 45 days. Private construction follows contract terms with mechanics lien enforcement under Wyo. Stat. § 29-1-301.
Late fee rules for Wyoming invoices
Wyoming allows contractual late fees without a commercial usury cap. The default 7% rate is relatively low, making a specific late fee clause advisable.
Wyoming's default legal interest rate is 7% per annum. Written contracts may specify higher rates. Wyoming does not have a general usury statute for commercial transactions.
Important disclaimer
This page provides general information about Wyoming late fee rules. It is not legal advice. Laws change, and your specific situation may have unique factors. For disputes involving significant amounts, consult a licensed attorney in Wyoming.
Demand letters and mechanics liens in Wyoming
Wyoming does not require a formal demand letter. However, written notice to the property owner is recommended before filing a mechanics lien.
Mechanics lien deadline: 150 days from the last day of furnishing labor or materials. A lien statement must be filed with the county clerk.
Sample late fee clause for Wyoming invoices
“Payment is due within the terms specified above. A late fee of 1.5% per month (7% per annum (default legal rate); higher by written agreement maximum per Wyoming law) will be applied to all balances remaining unpaid after the due date. Pursuant to Wyoming Statutes § 29-1-301 et seq. (Mechanics' and Materialmen's Liens), the undersigned reserves all rights to pursue collection including but not limited to mechanics lien filing, small claims action (up to $6,000 in Small Claims Court (Circuit Court)), and referral to collections.”
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Start Free TrialFrequently asked questions — Wyoming
What is the maximum late fee I can charge on an invoice in Wyoming?▾
In Wyoming, Wyoming's default legal interest rate is 7% per annum. Written contracts may specify higher rates. Wyoming does not have a general usury statute for commercial transactions. Always disclose late fee terms in your contract or invoice before work begins.
Does Wyoming have a prompt payment act?▾
Yes. Wyoming requires state agencies to pay within 45 days. Private construction follows contract terms with mechanics lien enforcement under Wyo. Stat. § 29-1-301.
What is the small claims court limit in Wyoming?▾
The small claims court limit in Wyoming is $6,000. Claims are filed in Small Claims Court (Circuit Court). You generally do not need an attorney for small claims.
How long do I have to file a mechanics lien in Wyoming?▾
In Wyoming, 150 days from the last day of furnishing labor or materials. A lien statement must be filed with the county clerk.
Do I need to send a demand letter before filing a lien in Wyoming?▾
Wyoming does not require a formal demand letter. However, written notice to the property owner is recommended before filing a mechanics lien.