021-3 Wyo. Code R. § 3-4

Current through April 27, 2019

Section 3-4 - Licensing Standards, Fees

(a) A license to engage in the business as a rental-purchase merchant will be issued to an applicant if the Administrator, upon investigation and evaluation of the completed application and all other relevant information, determines that all of the requirements of W.S. 40-19-114 have been met.

(b) The Administrator may deny an application to engage in the business as a rental-purchase merchant if the Administrator, upon investigation and evaluation of the completed application and all other relevant information, determines that:

• (i) The applicant has not satisfied the requirements of W.S. 40-19-114;

• (ii) The applicant has violated any provision of W.S. 40-19-101 through 40-19-120;

• (iii) The applicant has violated any state or federal law applicable to the conduct of the business of a rental-purchase merchant including, but not limited to, any rule, regulation or administrative order or directive promulgated thereunder;

• (iv) The applicant has conducted, or from the information provided it appears to the Administrator that the applicant will conduct, its business in an unsafe and unsound manner; or

• (v) The applicant has engaged in conduct which has resulted in the suspension or revocation of its license to engage in the business as a rental-purchase merchant by the licensing authority of any other state.

(c) An applicant whose application has been denied under subsection (b) may request a contested case hearing under Chapter 4 of these Rules.

(d) Each office or place of business shall be licensed separately and a fifty dollar ($50.00) license fee shall be paid for each license initially required, made payable to the Department of Audit.

021-3 Wyo. Code R. § 3-4

Amended, Eff. 2/22/2017.