§ 40-22-122 — Orders to cease and desist

(a) If the commissioner determines that a violation of
this act or of a rule adopted or an order issued under this act
by a licensee, authorized delegate or subdelegate is likely to
cause immediate and irreparable harm to the licensee, its
customers or the public as a result of the violation or cause
insolvency or significant dissipation of assets of the licensee,
the commissioner may issue an order requiring the licensee,
authorized delegate or subdelegate to cease and desist from the
violation. The order becomes effective upon service upon the
licensee, authorized delegate or subdelegate.
(b) The commissioner may issue an order against a licensee
to cease and desist from providing money transmission services
through an authorized delegate or subdelegate that is the
subject of a separate order pursuant to W.S. 40-22-121 by the
commissioner.
(c) An order to cease and desist remains effective and
enforceable pending the completion of an administrative
proceeding pursuant to Wyoming Administrative Procedure Act.