§ 40-23-117 — Prohibited practices

(a) No licensee or person required to have a license
shall:
(i) Pay compensation to, contract with or employ in
any manner, any person engaged in mortgage lending or brokering
activities who is not properly licensed unless such person is
exempt under W.S. 40-23-105;
(ii) Obtain any exclusive dealing or exclusive agency
agreement from any borrower;
(iii) Delay closing of any residential mortgage loan
for the purpose of increasing interest, costs, fees or charges
payable by the borrower;
(iv) Accept any fees at closing which were not
previously disclosed fully to the borrower;
(v) Obtain any agreement or instrument in which
blanks are left to be filled in after execution;
(vi) Engage in any misrepresentation in connection
with a residential mortgage loan;
(vii) Directly or indirectly make any statement
regarding value, except that a copy of the sales contract for
purchase transactions may be provided, or make or provide
payment of any kind to any in-house or fee appraiser for the
purpose of influencing the independent judgment of the appraiser
with respect to the value of any real estate which is to be
covered by a residential mortgage loan;
(viii) Make any false promises likely to influence or
persuade, or pursue a course of misrepresentations and false
promises through agents, solicitors, advertising or otherwise;
(ix) Misrepresent, circumvent or conceal any of the
material particulars or the nature thereof, regarding a
transaction to which it is a party;
(x) Enter into any agreement, with or without the
payment of a fee, to fix in advance a particular interest rate
or other term in a residential mortgage loan unless written
confirmation of the agreement is delivered to the borrower.