BizLeaseCheck
Wyoming guaranty guide

Personal Guaranty Guide for Wyoming

A borrower-focused guide to Wyoming guaranty exposure, SBA guarantees, confession-of-judgment clauses, and personal-asset review.

Last reviewed: May 26, 2026 by the BizLeaseCheck Editorial Team

General information, not legal or financial advice.

Analyze a guaranty PDF All guaranty guides

Overview

Wyoming guaranties should be reviewed for unlimited liability, continuing guaranty language, future advances, waiver of defenses, collateral pledges, and written release terms.

Wyoming has statutory judgments-by-confession provisions and a homestead exemption chapter. Deficiency exposure after collateral sale still depends on sale process, value, and guaranty waivers.

Enforceability topics to check

Confession of judgment / cognovitHigh confidence

Wyoming statutes authorize a person to personally appear and confess judgment and require an attorney confessing judgment to produce the warrant of attorney.

Wyo. Stat. §§ 1-16-201 to 1-16-202
Deficiency judgments after collateral saleNeeds lawyer verification

Wyoming deficiency exposure after mortgage foreclosure, execution, or collateral sale depends on the foreclosure path, sale process, collateral value, and guaranty waivers.

Wyoming Title 1 — civil procedure
Spousal signature and ECOAHigh confidence

Wyoming is not a community-property state. ECOA / Regulation B still limits when a creditor can require a spouse or additional party to guarantee.

CFPB Regulation B / ECOA
Statute of limitationsNeeds lawyer verification

Wyoming limitation periods for written contracts and debt instruments should be checked under Title 1, with demand, payment, acceleration, UCC, and guaranty-specific accrual review.

Wyoming Title 1 — limitations and civil procedure
Homestead exemptionMedium confidence

Wyoming provides a homestead exemption for qualifying residents, with statutory value and occupancy rules. It does not eliminate consensual liens or all guaranty exposure.

Wyo. Stat. § 1-20-101

Borrower protections to negotiate

  • Strike judgment-by-confession and warrant-of-attorney wording unless Wyoming counsel approves the exact procedure.
  • Cap guaranty exposure and exclude future advances, amendments, renewals, and affiliate debts without written consent.
  • Preserve foreclosure, notice, valuation, and commercially reasonable sale defenses.
  • Keep spouse signatures limited to legitimate collateral or credit-support needs under ECOA.
  • Require written release after payoff, refinance, business sale, assignment, or agreed burn-off milestones.

Official resources

SBA Form 148 — Unconditional Guarantee SBA SOP 50 10 — Lender and Development Company Loan Programs 13 CFR § 120.160 — SBA loan conditions CFPB Regulation B / ECOA — 12 CFR Part 1002 Wyoming Title 1 — code of civil procedure Wyoming Legislature — statutes CFPB Regulation B / ECOA spouse-signature limits

Legal-review notes

Guide confidence marker: Needs lawyer verification.

  • Wyoming judgment-by-confession treatment for commercial guaranties and warrant-of-attorney language needs counsel review before paid promotion.
  • Wyoming deficiency and guarantor-waiver treatment after foreclosure or collateral sale needs local review.
  • Confirm Wyoming limitation periods and current homestead amount before publishing specific deadlines or dollar figures.

Frequently asked questions

Can a Wyoming guaranty include confession-of-judgment language?

Wyoming has judgments-by-confession statutes, so any such clause should be treated as a serious procedural shortcut and reviewed before signing.

Does Wyoming require my spouse to guarantee?

Not simply because the applicant is married. Wyoming is not a community-property state, and ECOA limits spouse-guaranty requirements.

What should Wyoming borrowers negotiate first?

Start with confession-clause removal, a guaranty cap, future-advance limits, collateral-sale defenses, and written release mechanics.