WyomingSF 312026 Budget SessionSenateWALLET

AN ACT relating to mortgages; implementing the Uniform Mortgage Modification Act; specifying the priority of mortgages; specifying applicability; and providing for an effective date.

Sponsored By: null Corporations

Signed by Governor

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 1 benefits, 0 costs, 3 mixed.

Mortgage changes keep lien priority

Beginning July 1, 2026, certain mortgage changes keep the loan’s original lien priority. The existing mortgage still secures the debt after the change, even if you do not record it. The change is not treated as a new loan. Covered changes include lowering the interest rate, extending the term, switching between fixed and adjustable tied to a recognized index (without a rate increase that day), capitalizing unpaid interest, forgiving principal or interest, and adjusting escrow, insurance, financial covenants, or payment schedules that follow those changes. Changing the note, loan agreement, or a guaranty also counts as a mortgage modification under this law.

Condo and co-op fees excluded

Beginning July 1, 2026, the law defines a mortgage as a lien that secures payment on real property. It excludes liens that secure a unit owner’s condo, owners’ association, or co‑op dues, fees, or assessments. Those association charges are not treated as mortgages under this act.

Limits on what this law covers

Beginning July 1, 2026, the law leaves other rules in place, like recording rules, statutes of limitations, tax lien priority, the statute of frauds, and the state electronic transactions law. It usually does not change the priority rules for future advances. It does not cover releases or additions of property, changes to who owes the debt, or transfers of the mortgage or note. Courts should interpret this law to match other states and should not read it to cancel the validity or priority of mortgage changes that are not on the listed types.

Rules for e-signatures and notices

Beginning July 1, 2026, the law limits how the federal E‑SIGN law applies to mortgage changes under this act. It does not change E‑SIGN’s consumer consent rule at 15 U.S.C. § 7001(c). It also does not allow electronic delivery of the federal notices listed in 15 U.S.C. § 7003(b).

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Sponsors & Cosponsors

Sponsor

  • null Corporations

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 134 • No: 0

House vote 2/25/2026

H 3rd Reading:Passed 59-0-3-0-0

Yes: 59 • No: 0

House vote 2/19/2026

H07 - Corporations:Recommend Do Pass 8-0-1-0-0

Yes: 8 • No: 0

Senate vote 2/13/2026

S 3rd Reading:Passed 31-0-0-0-0

Yes: 31 • No: 0

Senate vote 2/11/2026

S07 - Corporations:Recommend Amend and Do Pass 5-0-0-0-0

Yes: 5 • No: 0

House vote 2/9/2026

S Introduced and Referred to S07 - Corporations 31-0-0-0-0

Yes: 31 • No: 0

Actions Timeline

  1. Governor Signed SEA No. 0003

    2/27/2026Governor
  2. Assigned Chapter Number 6

    2/27/2026
  3. H Speaker Signed SEA No. 0003

    2/26/2026House
  4. H 3rd Reading:Passed 59-0-3-0-0

    2/25/2026House
  5. Assigned Number SEA No. 0003

    2/25/2026
  6. S President Signed SEA No. 0003

    2/25/2026Senate
  7. H 2nd Reading:Passed

    2/24/2026House
  8. H COW:Passed

    2/23/2026House
  9. H07 - Corporations:Recommend Do Pass 8-0-1-0-0

    2/19/2026House
  10. H Placed on General File

    2/19/2026House
  11. H Introduced and Referred to H07 - Corporations

    2/16/2026House
  12. S 3rd Reading:Passed 31-0-0-0-0

    2/13/2026Senate
  13. H Received for Introduction

    2/13/2026House
  14. S 2nd Reading:Passed

    2/12/2026Senate
  15. S07 - Corporations:Recommend Amend and Do Pass 5-0-0-0-0

    2/11/2026Senate
  16. S Placed on General File

    2/11/2026Senate
  17. S COW:Passed

    2/11/2026Senate
  18. S Introduced and Referred to S07 - Corporations 31-0-0-0-0

    2/9/2026Senate
  19. S Received for Introduction

    1/5/2026Senate
  20. Bill Number Assigned

    12/31/2025

Bill Text

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