Statutes, codes, and regulations
Wyoming Administrative Code
Agency 021 - Audit, Dept. ofSubagency 0005 - Public Funds
Chapter 7 - FIRST LIEN MORTGAGES AS COLLATERAL TO SECURE PUBLIC FUNDS
Section 7-3 - Reports of Significant Changes of Eligible Collateral

021-7 Wyo. Code R. § 7-3

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Current through April 27, 2019
Section 7-3 - Reports of Significant Changes of Eligible Collateral

Upon acquiring knowledge of any significant deficiency adversely affecting the eligibility of collateral, the depository institution shall immediately report such change to the proper public fund treasurer and shall promptly replace the deficient collateral with an acceptable pledge. A significant deficiency in collateral shall include a default in payment for more than forty-five (45) days or any decrease in the value to the property less than the value initially tendered.

021-7 Wyo. Code R. § 7-3