085-3 Wyo. Code R. § 3-1
Current through April 27, 2019
(a) "Non-recourse loan" is a loan that is secured by a pledge of collateral, typically real property. If the borrower defaults, the Council can seize collateral, but will not seek any further compensation from the borrower.
085-3 Wyo. Code R. § 3-1
Amended, Eff. 7/25/2016.