Section 40-22-126 – Unlicensed Persons; Verification Authority Regarding Exemptions.
40-22-126. Unlicensed persons; verification authority regarding exemptions. (a) If the commissioner has reason to believe that a person has violated or is violating W.S. 40-22-103 of this act the commissioner may issue an order to show cause why an order to cease and desist should not issue requiring that the person cease and desist from […]
Section 40-22-127 – Administrative Procedures.
40-22-127. Administrative procedures. All administrative proceedings under this act shall be conducted in accordance with the Wyoming Administrative Procedure Act.
Section 40-22-128 – Hearings.
40-22-128. Hearings. Except as otherwise provided in W.S. 40-22-111(c) and 40-22-122(c), the commissioner may not suspend or revoke a license, issue an order to cease and desist, suspend or revoke the designation of an authorized delegate or subdelegate, or assess a civil penalty without notice and an opportunity to be heard. The commissioner shall also […]
Section 40-22-129 – Rulemaking and Deposit of Fees.
40-22-129. Rulemaking and deposit of fees. (a) The commissioner shall promulgate all necessary rules to implement and administer this act. (b) All application, renewal, examination and licensing fees, except the amount paid for data processing by the registry or any other entity designated by the registry, shall be deposited by the commissioner with the state […]
Section 40-23-101 – Short Title.
40-23-101. Short title. This act may be cited as the “Wyoming Residential Mortgage Practices Act.”
Section 40-22-124 – Civil Penalties.
40-22-124. Civil penalties. The commissioner may impose a civil penalty upon a person who violates this act or a rule adopted or an order issued under this act in an amount not to exceed five hundred dollars ($500.00) per day for each day the violation is outstanding, plus the state’s costs and expenses for the […]
Section 40-22-119 – Authorized Delegate and Subdelegate Conduct.
40-22-119. Authorized delegate and subdelegate conduct. (a) An authorized delegate or subdelegate shall not make any fraudulent or false statement or misrepresentation to a licensee or to the commissioner. (b) All money transmission activities conducted by an authorized delegate or subdelegate shall be in strict accord with the licensee’s written procedures provided to the authorized […]
Section 40-22-120 – License Suspension or Revocation.
40-22-120. License suspension or revocation. (a) The commissioner may suspend or revoke a licensee’s license if the commissioner finds that: (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 for denying the application; (ii) The licensee’s net worth becomes […]
Section 40-22-121 – Suspension or Revocation of Authorized Delegates.
40-22-121. Suspension or revocation of authorized delegates. (a) The commissioner may issue an order to the licensee suspending or revoking the designation of an authorized delegate or subdelegate if the commissioner finds that: (i) The authorized delegate or subdelegate violated this act or a rule adopted or an order issued under this act; (ii) The […]
Section 40-22-122 – Orders to Cease and Desist.
40-22-122. Orders to cease and desist. (a) If the commissioner determines that a violation of this act or of a rule adopted or an order issued under this act by a licensee, authorized delegate or subdelegate is likely to cause immediate and irreparable harm to the licensee, its customers or the public as a result […]