Wyoming Administrative Code
Agency 085 - Business Council
Sub-Agency 0004 - Economic Planning And Partnership Challenge Loan Program
Chapter 1 - WYOMING PARTNERSHIP CHALLENGE LOAN PROGRAM
Section 1-8 - Servicing Agents
Universal Citation: WY Code of Rules 1-8
Current through September 21, 2024
a. The Council may undertake to act either directly or indirectly as the loan-servicing agent, or to contract for that service.
b. The Servicing agent may be responsible for loan packaging, closing, documentation, loan portfolio management, collection and reporting, and other duties as required under the loan servicing agreement.
c. It will remain the responsibility of the Council to monitor the performance of the portfolio through frequent meetings with the Servicing agent.
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