Statutes, codes, and regulations
Wyoming Administrative Code
Agency 060 - Lands and Investments, Office ofSubagency 0003 - Loan and Investment Board
Chapter 38 - CAPITAL CONSTRUCTION LOANS
Section 38-9 - Disbursements

060-38 Wyo. Code R. § 38-9

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Current through April 27, 2019
Section 38-9 - Disbursements

(a) Upon closing, the loan proceeds shall be deposited in a DDA to be disbursed solely for the approved loan purpose. The borrower shall pay all costs associated with the DDA. Interest earned shall be credited to the borrower.

(b) Borrower shall submit all requests for payment from the DDA on a form provided by the Office, with supporting documentation, as required by the Director.

  • (i) The Office shall inspect and verify any reports and records required by the Board and submitted by the borrower before proceeds shall be released from the DDA for payment.

060-38 Wyo. Code R. § 38-9

Adopted, Eff. 11/13/2018.