Exempts certain individuals from mortgage loan licensing if they provide financing for up to five residential loans annually without compensation.
Wyoming HB0081 amends the state's mortgage loan licensing requirements by exempting individuals who provide financing for up to five residential mortgage loans in a twelve-month period, provided they do not receive compensation or gain. This exemption applies to those acting as mortgage lenders without financial incentive. The act is set to take effect on July 1, 2025.
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