Wyoming Administrative Code
Agency 031 - Collection Agency Board
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 2 - LICENSING
Section 2-5 - Resident Manager
Universal Citation: WY Code of Rules 2-5
Current through September 21, 2024
(a) A person may be qualified as a resident manager for no more than fifteen (15) collection agencies in this state.
(b) To qualify as a new resident manager the applicant shall:
(i) Complete a resident manager application
supplied by the board.
(ii) Pass an
examination administered by the board.
(iii) For each time the applicant takes the
examination, pay an examination fee of $100.00.
(iv) Have at least three years of experience
in third-party collection business.
(v) Reimburse the board for its actual
background investigations expenses not to exceed $50.00.
(vi) Demonstrate financial responsibility to
the Board through a credit report or other verifiable means.
(c) No resident manager applicant will be allowed to take the examination more than twice in any six (6) month period.
(d) The board will be responsible for creating the examination and determining the passing grade.
(e) The results of the examination will be released to the applicant only.
(f) The Board will hold each resident manager personally responsible for the operation and the conduct of his or her employees.
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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