021-3 Wyo. Code R. § 3-1

Current through April 27, 2019
Section 3-1 - Application/Licensing

(a) Each mortgage loan originator applicant shall provide all of the information required on the license application form prescribed by the Commissioner, as applicable

(b) An application to obtain a mortgage loan originator license pursuant to W.S. 40-23-125 shall be considered "filed" only after all information and appropriate processing fees required have been received by the Commissioner.

(c) An application for a license is a continuing obligation up until approval and issuing of the license applied for. If information in an application becomes inaccurate after filing, the applicant shall promptly notify the Commissioner.

(d) A mortgage loan originator license is only active if the mortgage loan originator is sponsored by an exempt entity or a mortgage lender or mortgage broker licensed under the Wyoming Residential Mortgage Practices Act, and registered with the Nationwide Mortgage Licensing System. A mortgage loan originator can only be sponsored by and conduct business as a mortgage loan originator for only one company at any time.

021-3 Wyo. Code R. § 3-1