2012 Wyoming Statutes
TITLE 34.1 - UNIFORM COMMERCIAL CODE
34.1-9-625. Remedies for secured party's failure to comply with article.

(a) If it is established that a secured party is not proceeding in accordance with this article, a court may order or restrain collection, enforcement or disposition of collateral on appropriate terms and conditions.

(b) Subject to subsections (c), (d) and (f), a person is liable for damages in the amount of any loss caused by a failure to comply with this article. Loss caused by a failure to comply may include loss resulting from the debtor's inability to obtain, or increased costs of, alternative financing.

(c) Except as otherwise provided in section 34.1-9-628:

(i) A person that, at the time of the failure, was a debtor, was an obligor, or held a security interest in or other lien on the collateral may recover damages under subsection (b) for its loss; and

(ii) If the collateral is consumer goods, a person that was a debtor or a secondary obligor at the time a secured party failed to comply with this part may recover for that failure in any event an amount not less than the credit service charge plus ten percent (10%) of the principal amount of the obligation or the time-price differential plus ten percent (10%) of the cash price.

(d) A debtor whose deficiency is eliminated under section 34.1-9-626 may recover damages for the loss of any surplus. However, a debtor or secondary obligor whose deficiency is eliminated or reduced under section 34.1-9-626 may not otherwise recover under subsection (b) for noncompliance with the provisions of this part relating to collection, enforcement, disposition or acceptance.

(e) In addition to any damages recoverable under subsection (b), the debtor, consumer obligor or person named as a debtor in a filed record, as applicable, may recover five hundred dollars ($500.00) in each case from a person that:

(i) Fails to comply with section 34.1-9-208;

(ii) Fails to comply with section 34.1-9-209;

(iii) Files a record that the person is not entitled to file under section 34.1-9-509(a);

(iv) Fails to cause the secured party of record to file or send a termination statement as required by section 34.1-9-513(a) or (c);

(v) Fails to comply with section 34.1-9-616(b)(i) and whose failure is part of a pattern, or consistent with a practice, of noncompliance; or

(vi) Fails to comply with section 34.1-9-616(b)(ii).

(f) A debtor or consumer obligor may recover damages under subsection (b) and, in addition, five hundred dollars ($500.00) in each case from a person that, without reasonable cause, fails to comply with a request under section 34.1-9-210. A recipient of a request under section 34.1-9-210 which never claimed an interest in the collateral or obligations that are the subject of a request under that section has a reasonable excuse for failure to comply with the request within the meaning of this subsection.

(g) If a secured party fails to comply with a request regarding a list of collateral or a statement of account under section 34.1-9-210, the secured party may claim a security interest only as shown in the list or statement included in the request as against a person that is reasonably misled by the failure.