Statutes, codes, and regulations
Wyoming Administrative Code
Agency 060 - Lands and Investments, Office ofSubagency 0003 - Loan and Investment Board
Chapter 7 - FARM LOANS
Section 7-7 - Loan Terms

060-7 Wyo. Code R. § 7-7

Download
PDF
Current through April 27, 2019
Section 7-7 - Loan Terms

(a) Amount. Single loans or a combination of loans made to a single agricultural enterprise shall be made pursuant to W.S. 11-34-115.

  • (i) Loans made to enhance or restore livestock numbers in the state may not exceed three hundred thousand dollars ($300,000) to any one (1) borrower and shall be aggregated with all other loans for purposes of determining compliance with loan percentages.

(b) Interest rate. The interest rate for loans under this Chapter shall be pursuant to Chapter 14 of the rules as established by the Board.

(c) Length. The term of each loan shall be set by the Board with due regard given to repayment ability and the security offered, but in no event shall the term exceed thirty (30) years.

(d) Repayment. Loans shall be payable in equal installments.

(e) Loan fees shall be pursuant to Chapter 14 of the rules as established by the Board.

060-7 Wyo. Code R. § 7-7

Amended, Eff. 9/8/2017.