060-5 Wyo. Code R. § 5-6
(a) Security for loans may include, but is not limited to, first and/or second mortgage on agricultural real estate, the pledge and assignment of designated special property assessments within a district, and/or first lien on irrigation equipment and fixtures.
(b) Appraisals of offered security will be done by the Office.
(c) Every loan will be evidenced by a promissory note for the principal sum of the loan signed by the borrower(s). Notes executed by legal entities will also be signed and guaranteed by the individuals owning the majority of that entity or by any other individual deemed necessary by the Board.
(d) The borrower will provide title insurance for the amount of the loan, when necessary, for the benefit of the Board as mortgagee.
(e) Every mortgage shall provide a legal right of access to the Board and its agents for the purposes of inspection, maintenance, inventory, retrieval of personal property and fixtures, and foreclosure proceedings. Such right shall be assignable to the purchaser at any foreclosure sale.
(f) All loan documents including, but not limited to, notes, mortgage deeds, and security instruments shall be executed in the form and manner acceptable to the Wyoming Attorney General.
060-5 Wyo. Code R. § 5-6
Amended, Eff. 9/8/2017.