Wyoming Statutes
§ 40-23-110 — Surety bonds
Wyoming § 40-23-110
This text of Wyoming § 40-23-110 (Surety bonds) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wyo. Stat. Ann. § 40-23-110 (2026).
Text
(a)All licensees shall maintain a surety bond to the
state of Wyoming in accordance with this section. The surety
bond shall be used to cover individual loan originators employed
or under contract with a licensee. The bond to be maintained
shall be in the amount:
(i)Until December 31, 2009, of twenty-five thousand
dollars ($25,000.00). This amount shall be increased by an
additional sum of ten thousand dollars ($10,000.00) for each
licensed office;
(ii)Effective January 1, 2010, as established by
rule of the commissioner based upon the volume of business
activity transacted by the licensee under this act.
(b)The surety bond shall be a continuing obligation of
the issuing surety. The surety's liability under the bond for
any claims made under the bond either individually or in the
aggre
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Nearby Sections
15
§ 40-23-101
Short title§ 40-23-102
Definitions§ 40-23-104
License requirements§ 40-23-105
Exemptions from license requirements§ 40-23-106
Initial licensing and compliance§ 40-23-108
Change in control of a licensee§ 40-23-109
License renewal and annual report§ 40-23-110
Surety bonds§ 40-23-111
Examinations and investigations§ 40-23-113
Disclosure of mortgage lender fees§ 40-23-114
Disclosure of mortgage broker fees§ 40-23-116
Trust accountsCite This Page — Counsel Stack
Bluebook (online)
Wyoming § 40-23-110, Counsel Stack Legal Research, https://law.counselstack.com/statute/wy/23/40-23-110.