§ 33-11-107 — Application for license; qualifications; financial statement

Wyoming § 33-11-107

• Jurisdiction: Wyoming
• Title 33: Professions and Occupations
• Ch. 11: COLLECTION AGENCIES

Text

(a) A person desiring to conduct a collection agency
business in this state shall apply in writing on forms approved
by the board. The application shall be signed and verified by
the applicant and filed in the office of the board. The
application shall state:
(i) The name and place of residence of the person
making the application;
(ii) Whether the business is organized as a
corporation, partnership or sole proprietorship;
(iii) The name or names under which the business will
be conducted;
(iv) The street address of the office where the
business will be conducted;
(v) The name of the person who will be the resident
manager of the office;
(vi) Other information as the board may require to
determine the qualifications of the applicant and the resident
manager to be licensed to conduct a collection agency business.
(b) The application shall be accompanied by a financial
statement of the applicant, showing the applicant to be
financially sound.
(c) All applicants shall have an established office in
Wyoming with a bona fide resident of Wyoming as a resident
manager of the office. All resident managers shall pass an
examination as prescribed by the board to determine the fitness
of the resident manager to conduct a collection agency business.
(d) The board may collect an examination fee not to exceed
one hundred dollars ($100.00) for each examination given. The
board shall establish by rule the amount and method of payment
of the examination fee. All fees collected shall be credited to
the account and used as provided by W.S. 33-11-111.
(e) The board may establish relationships or contract with
the registry or any other entity designated by the registry to
collect and maintain records and process transaction fees or
other fees related to applicants, licensees or other persons
subject to this act.
(f) In addition to the other requirements of this section,
in connection with an application for licensure the applicant
may be required to furnish to the board or the registry
information concerning the identity of the applicant, the owners
or persons operating or managing the applicant and individuals
designated as operators or managers of the applicant's places of
business, including:
(i) Fingerprints for submission to the federal bureau
of investigation or any governmental agency or entity authorized
to receive fingerprints for a state, national and international
criminal history background check; and
(ii) Personal history, including the submission of
authorization for the board, registry or designee to obtain:
(A) An independent credit report obtained from a
consumer reporting agency described in section 603(p) of the
federal Fair Credit Reporting Act; and
(B) Information related to any administrative,
civil or criminal findings by any governmental jurisdiction.
(g) For the purposes of this section and to reduce the
points of contact that the federal bureau of investigation may
have to maintain for purposes of subsection (f) of this section,
the board may use the registry as a channeling agent for
requesting information from and distributing information to the
United States department of justice or any governmental agency.
(h) For the purposes of this section and to reduce the
points of contact that the board may have to maintain for
purposes of subsection (f) of this section, the board may use
the registry as a channeling agent for requesting and
distributing information to and from any source as directed by
the board.