How Much Deposit Can a Contractor Ask For in Wyoming?
Wyoming's Consumer Protection Act governs deceptive practices and gives home-solicitation buyers a short right to cancel, but it sets no dollar or percentage cap on a contractor's deposit.
The Wyoming statutes cited here do not fix a maximum deposit or downpayment a contractor may request. What the state does regulate is spelled out in the Wyoming Consumer Protection Act, which prohibits deceptive trade practices, gives buyers who sign at home a three-day cancellation window, and lets consumers who are harmed by an uncured deceptive practice sue for their actual damages. The provisions below are the rules that bear on money you hand over before work begins.
Rules that bear on your deposit
Wyoming's consumer statute identifies itself as the Wyoming Consumer Protection Act, the framework that governs deceptive conduct in consumer transactions. 1
The Act declares that a person commits an unlawful deceptive trade practice when, in the course of business and in connection with a consumer transaction, he knowingly engages in the listed conduct. 2
For a qualifying home solicitation sale, the statute gives the buyer the right to cancel until midnight of the third business day after signing the agreement or offer to purchase. 3
When such a sale is cancelled, the statute permits the seller to keep a cancellation fee of five percent of the cash price, but not exceeding the cash down payment. 4
Wyoming lets a consumer who relies on an uncured unlawful deceptive trade practice bring an action for the actual damages suffered as a consumer. 5
Sources
Wyoming's consumer statute may be cited as the Wyoming Consumer Protection Act.
Under Wyoming's Consumer Protection Act, a person commits an unlawful deceptive trade practice when he knowingly engages in the listed conduct in connection with a consumer transaction.
Wyoming gives a home solicitation buyer the right to cancel until midnight of the third business day after signing the agreement or offer to purchase.
On cancellation of a home solicitation sale, Wyoming permits the seller to retain a cancellation fee of five percent of the cash price, not exceeding the cash down payment.
Wyoming lets a consumer relying on an uncured unlawful deceptive trade practice bring an action for the actual damages suffered as a consumer.
Frequently asked questions
- Does Wyoming cap how much deposit a contractor can ask for?
- None of the Wyoming statutes cited here sets a dollar amount or percentage limit on a contractor's deposit or downpayment. Deposits are governed by your contract, with the Wyoming Consumer Protection Act supplying baseline protections against deceptive practices and, for sales solicited at your home, a three-day right to cancel.
- If a contractor came to my home, can I get my deposit back after cancelling?
- For a qualifying home solicitation sale, Wyoming gives you until midnight of the third business day to cancel. On cancellation the seller must return payments you made, though the statute lets the seller retain a cancellation fee of up to five percent of the cash price, capped at the cash down payment.
Last reviewed August 4, 2026
This page is general information about state law, not legal advice. Laws change, and how they apply depends on the facts of your situation.