32 chapters · 559 sections in this title.
W.S. § 40-23-115 Loan commitments; prepayment penalty disclosure by mortgage broker
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Loan commitments; prepayment penalty disclosure by mortgage broker. (a) A mortgage broker may issue a loan commitment and may furnish a lock-in of the interest rate and program on behalf of the mortgage lender when the mortgage broker has obtained a written or electronically tran…
W.S. § 40-23-116 Trust accounts
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Trust accounts. All monies received from a borrower for payment of third party provider services shall be deemed as held in trust immediately upon receipt. All such trust funds shall be deposited, prior to the end of the third business day following receipt of the funds, in a tru…
W.S. § 40-23-117 Prohibited practices
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Prohibited practices. (a) No licensee or person required to have a license shall: (i) Pay compensation to, contract with or employ in any manner, any person engaged in mortgage lending or brokering activities who is not properly licensed unless such person is exempt under W.S. 40…
W.S. § 40-23-118 License suspension or revocation
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License suspension or revocation. (a) The commissioner may suspend, not to exceed six (6) months, or revoke a license if the commissioner finds: (i) Any fact or condition exists that, if it had existed at the time when the licensee applied for its license, would have been grounds…