060-7 Wyo. Code R. § 7-10
Current through April 27, 2019
(a) When a borrower conveys legal or equitable title to property securing a farm loan, the purchaser may assume the repayment obligation to the Board if qualified under W.S. 11-34-110 and Section 4 of this Chapter. If the loan is not assumed by the purchaser, the loan shall be paid off in full at the time of the conveyance.
(b) Beginning Agricultural Producer loans may not be assumed.
(c) Loans made for the purpose of enhancing or restoring livestock numbers in the state under W.S. 11-34-113(j) may not be assumed.
060-7 Wyo. Code R. § 7-10
Amended, Eff. 9/8/2017.