Wyo. Stat. § 40-14-641 (2026)

rulemaking.

     (a) An individual, unless specifically exempted under
subsection (c) of this section, shall not engage in the business
of a mortgage loan originator for any dwelling located in
Wyoming without first obtaining and maintaining annually a
license in accordance with part 4 of this article. Each
licensed mortgage loan originator shall register with and
maintain a valid unique identifier issued by the registry.

     (b) In order to facilitate an orderly transition to
licensing and minimize disruption in the marketplace, the
effective date for subsection (a) of this section shall be July
1, 2010.

     (c) An individual is exempt from subsection (a) of this
section if he is:

          (i) A registered mortgage loan originator, when
acting for an entity described in W.S. 40-14-640(a)(xii)(B)(I),
(II) or (III);

          (ii) Any individual who offers or negotiates terms of
a residential mortgage loan with or on behalf of an immediate
family member of the individual;

          (iii) Any individual who offers or negotiates terms
of a residential mortgage loan secured by a dwelling that serves
as the individual's residence;

          (iv) A licensed attorney who negotiates the terms of
a residential mortgage loan on behalf of a client as an
ancillary matter to the attorney's representation of the client,
unless the attorney is compensated by a lender, a mortgage
broker or other mortgage loan originator or by any agent of such
lender, mortgage broker or other mortgage loan originator;

          (v) An individual engaging solely in loan processor
or underwriter activities, who does not represent to the public,
through advertising or other means of communicating or providing
information including the use of business cards, stationery,
brochures, signs, rate lists or other promotional items, that
such individual can or will perform any of the activities of a
mortgage loan originator.

     (d) A loan processor or underwriter who is an independent
contractor shall not engage in the activities of a loan
processor or underwriter unless the independent contractor loan
processor or underwriter obtains and maintains a license
pursuant to subsection (a) of this section. Each independent
contractor loan processor or underwriter licensed as a mortgage
loan originator shall have and maintain a valid unique
identifier issued by the registry.
     (e) For the purpose of implementing an orderly and
efficient licensing process the administrator may establish
licensing rules or regulations and interim procedures for
licensing and acceptance of applications.