Regulators

Commissioner: Jeffrey C. Vogel

Division of Banking
Herschler Building, 3rd Floor 
East 122 West 25th Street 
Cheyenne, WY 82002 

Telephone: (307) 777-7797 
Fax: (307) 777-3555
http://audit.state.wy.us/banking/default.htm

OVERVIEW

The Wyoming Uniform Consumer Credit Code (“UCCC”) is a comprehensive consumer credit law covering all types of consumer credit. Coverage includes consumer credit transactions secured by an interest in land. However, the UCCC does not regulate first lien mortgage transactions which are not precomputed as long as: (i) At the time the loan is made the value of the real property is substantial in relation to the amount of the loan; and, (ii) The loan finance charge does not exceed 18% annual percentage rate (“APR”). Regulations under the UCCC apply only to creditors who regularly extend consumer credit in Wyoming. The UCCC does not regulate mortgage brokers or mortgage servicers, as long as the mortgage broker or mortgage servicer does not conduct business as a creditor as outlined under applicable provisions of the territorial application of the UCCC (W.S. 40-14-120).

Applicable licensing provisions of the UCCC for creditors were originally enacted in 1971. In July 1996, the UCCC was amended to include revisions to its licensing requirements.

HIGHLIGHTS

Licensing

Licenses issued by the Division include the Supervised Lender License.

Brick and Mortar Required

Broker: No
Lender: No

Record Retention

2 years