(a) When a borrower conveys legal or equitable title to property securing a loan, the purchaser may assume the repayment obligation to the Board if qualified under W.S. 11-34-301 and Sections 3 and 4 of this Chapter. If the loan is not assumed by the purchaser, the loan shall be paid off in full at the time of the conveyance.
060-5 Wyo. Code R. § 5-8
Amended, Eff. 9/8/2017.