Wyoming Administrative Code
Agency 021 - Audit, Dept. of
Sub-Agency 0006 - Residential Mortgage Practices
Chapter 3 - LOAN ORIGINATOR LICENSING; FEES; INFORMATION CHALLENGE
Section 3-3 - License Renewal Fee; Reinstatement; Continuing Education

Universal Citation: WY Code of Rules 3-3

Current through September 21, 2024

(a) Pursuant to W.S. 40-23-129(a)(iii), the mortgage loan originator license renewal fee shall be one hundred and fifty dollars ($150.00).

(b) Pursuant to W.S. W.S. 40-23-129(b) and W.S. W.S. 40-23-130(h), if any licensed mortgage loan originator fails to satisfy the requirements for renewal of their license by December 1, that license shall expire on December 31. The mortgage loan originator shall have until March 1 of the year immediately following the year the license expired to satisfy all of the renewal requirements under W.S. W.S. W.S. 40-23-129(a)(i), (ii) and (iii) and reinstate the license. Business as a mortgage loan originator may not be conducted after December 31 until such time as all of the renewal requirements have been satisfied and the license has been reinstated to active status on the Nationwide Mortgage Licensing System. Failure to complete all of the renewal requirements by March 1 will result in final expiration of the license.

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