021-7 Wyo. Code R. § 7-1
Current through April 27, 2019
The basis for these rules is W.S. 9-4-821(a)(vi) which provides that banks and/or savings and loan associations may offer as security for deposits of public funds, conventional real estate first mortgages at a ratio of one and one-half to one (1.5:1) of the value of public funds secured thereby. The purpose of these rules is to set forth the procedures for pledging such conventional real estate first mortgages and to provide reporting requirements with a view to assure the protection of uninsured deposits of public moneys with the banks and savings and loan associations in this state.
021-7 Wyo. Code R. § 7-1