Section 40-23-126 - Issuance of loan originator license(a) The commissioner shall not issue a mortgage loan originator license unless the commissioner makes at a minimum the following findings:(i) The applicant has never had a mortgage loan originator license revoked in any governmental jurisdiction, except that a subsequent formal vacation of such revocation shall not be deemed a revocation;(ii) The applicant has not been convicted of, or pled guilty or nolo contendere to, a felony in a domestic, foreign or military court: (A) During the seven (7) year period preceding the date of the application for licensing and registration; or(B) At any time preceding the date of application, if the felony involved an act of fraud, dishonesty, or a breach of trust or money laundering;(C) A pardon of a conviction shall not be a conviction for the purposes of this paragraph.(iii) The applicant has demonstrated financial responsibility, character and general fitness such as to command the confidence of the community and to warrant a determination that the mortgage loan originator will operate honestly, fairly and efficiently within the purposes of this act;(iv) The applicant has completed the prelicensing education requirement pursuant to W.S. 40-23-127;(v) The applicant has passed a written test that meets the test requirement of W.S. 40-23-128.(b) For purposes of paragraph (a)(iii) of this section, a person has shown that he is not financially responsible when he has shown a disregard in the management of his own financial condition. A determination that an individual has not shown financial responsibility shall include, but not be limited to: (i) Having any outstanding judgment, except a judgment solely as a result of medical expenses;(ii) Having any outstanding tax lien or other government lien;(iii) Having any foreclosure within the past three (3) years;(iv) Having a pattern of seriously delinquent accounts within the past three (3) years.(c) Upon written request, an applicant is entitled to a hearing on the question of his qualifications for a license if: (i) The commissioner has notified the applicant in writing that his application has been denied, or objections to the application have been filed with the commissioner;(ii) The commissioner has not issued a license within sixty (60) days after a complete application for the license was filed.(d) If a hearing is held, the applicant and those filing objections shall reimburse, pro rata, the commissioner for his reasonable and necessary expenses incurred as a result of the hearing. Notwithstanding any provision under the Wyoming Administrative Procedure Act, a request for hearing shall not be made more than fifteen (15) days after the applicant has received notification by certified mail that the application has been denied and stating in substance the commissioner's finding supporting denial of the application or that objections have been filed and the substance thereof.