021-2 Wyo. Code R. § 2-6
If a prepayment penalty may be a condition of a residential mortgage loan offered to a borrower, a disclosure notice in substantially the following form must be provided to the borrower pursuant to W.S. 40-23-113(a)(ii) and W.S. W.S. 40-23-115:
__________________________________________________________
IMPORTANT PREPAYMENT PENALTY DISCLOSURE
The loan that you are applying for contains a PREPAYMENT PENALTY provision. If you pay off or refinance this loan before
(date) , you will be assessed a PREPAYMENT
PENALTY calculated according the following formula:
(complete explanation of the prepayment penalty calculation)
Do not sign this document unless you fully understand and accept the prepayment penalty provision of this loan.
Applicant ______________________ Date ______________
Applicant ______________________ Date ______________
021-2 Wyo. Code R. § 2-6