021-5 Wyo. Code R. § 5-1

Current through April 27, 2019
Section 5-1 - Application/Licensing

(a) Each mortgage loan originator applicant shall provide all of the information required on the license application form prescribed by the Administrator, as applicable.

(b) An application to obtain a mortgage loan originator license pursuant to W.S. 40-14-642 shall be considered "filed" only after all information and appropriate processing fees required have been received by the Administrator.

(c) An application for a license is a continuing obligation up until approval and issuing of the license applied for. If information in an application becomes inaccurate after filing, the applicant shall promptly notify the Administrator.

(d) A mortgage loan originator license is only active if the mortgage loan originator is sponsored by a company engaged in business under the Code and registered with the registry. A mortgage loan originator can only be sponsored by and conduct business as a mortgage loan originator for only one company at any time.

021-5 Wyo. Code R. § 5-1

Amended, Eff. 2/22/2017.