031-2 Wyo. Code R. § 2-4

Current through April 27, 2019

Section 2-4 - Resident Manager

(a) A person may be qualified as a resident manager for no more than ten (10) collection agencies in this state.

(b) To qualify as a new resident manager the applicant shall:

• (i) Complete a resident manager application supplied by the board.

• (ii) Pass an examination administered by the board.

• (iii) For each time the applicant takes the examination, pay an examination fee of $100.00

• (iv) Have at least one year of experience in the collection business.

• (v) Reimburse the board for its actual background investigations expenses not to exceed $50.00.

• (vi) Demonstrate financial responsibility to the Board through a credit report or other verifiable means.

(c) No resident manager applicant will be allowed to take the examination more than twice in any six (6) month period.

(d) The board will be responsible for creating the examination and determining the passing grade.

(e) The results of the examination will be released to the applicant only.

(f) The Board will hold each resident manager personally responsible for the operation and the conduct of his or her employees.

(g) A person who has been a resident manager in the state of Wyoming within the past two (2) years shall qualify as a new resident manager as set forth in Section 4, Subsection b of this Chapter.

031-2 Wyo. Code R. § 2-4

Amended, Eff. 10/25/2018.