060-34 Wyo. Code R. § 34-7
Current through April 27, 2019
(a) Interest rates shall be pursuant to Chapter 14 of the rules as established by the Board. In no event shall the rate be less than 4% or greater than 6%.
(b) The term of the loan shall not exceed Thirty (30) years and may be for a shorter term as determined by financial strength, repayment ability, security, and other factors.
(c) Loans shall be repaid in annual installments. However, upon application of the borrower, the Board may provide for interest only during any period in which the governor has declared that a drought or other emergency exists in the state. Once the emergency is declared to be over, repayment is to be according to the original note. The loan maturity date will remain the same.
060-34 Wyo. Code R. § 34-7