11-34-121. Mortgagor to pay for recording loan papers; title insurance or abstract required; deposit; additional fee.
The mortgagor shall pay for the recording of his mortgage and other papers connected with the loan which may be required. He shall furnish to the board at his own expense a mortgagee's title insurance policy in the full amount of the mortgage, issued by a title insurance company authorized to do business in Wyoming in a form acceptable to the board, reflecting merchantable fee title in mortgagor, or in lieu thereof an abstract of title certified by a bonded abstracter qualified to prepare abstracts under the laws of Wyoming, under such rules as the board may prescribe. The mortgagor shall deposit with the board before his application is considered, one hundred dollars ($100.00), the unused portion of which, if his loan is not granted, shall be returned to him, but if his loan is granted, the amount shall be paid into the loss reserve account as provided by W.S. 11-34-202(e). An additional fee of one percent (1%) of the loan closed shall be paid by each mortgagor to the board. The revenues produced by this fee shall be credited to the loss reserve account as provided by W.S. 11-34-202(e).
Structure Wyoming Statutes
Title 11 - Agriculture, Livestock and Other Animals
Chapter 34 - State Loan and Investment Board
Section 11-34-101 - Definitions.
Section 11-34-104 - Seal; Design.
Section 11-34-105 - Chief Executive Officer; Powers and Duties.
Section 11-34-106 - Legal Advisor.
Section 11-34-107 - Quorum; Loan; Votes Required; Record.
Section 11-34-108 - Loans on Lands Subject to Preexisting Liens; Effect.
Section 11-34-109 - Purposes for Which Loans Authorized.
Section 11-34-110 - Limitations on Borrowers; Due on Sale Clause; Sale of Mortgaged Land.
Section 11-34-111 - Application for Loan; Form; Contents; Priority of Applications.
Section 11-34-113 - Terms and Conditions of Loans.
Section 11-34-114 - Limitation on Loans; Percentages of Appraised Value.
Section 11-34-115 - Minimum and Maximum Amount of Loans.
Section 11-34-117 - Rates of Interest; Length of Loan; Amount.
Section 11-34-118 - Refinancing Delinquent Loans; Payment of Costs; Additional Fee.
Section 11-34-119 - Ultra Vires Acts of Agent.
Section 11-34-120 - Mortgages Taken by Board; Control and Disposition of Property.
Section 11-34-122 - Release of Mortgage.
Section 11-34-123 - Foreclosure Proceedings; Duty of Attorney General; Deed in Lieu of Foreclosure.
Section 11-34-126 - Exemption of Property of Board From Taxation; Exceptions.
Section 11-34-127 - Surety Bonds; Generally.
Section 11-34-128 - Surety Bonds; Payment of Cost.
Section 11-34-129 - Investment of Permanent Funds.
Section 11-34-130 - Trespass Upon Lands Owned by Board Prohibited; Penalties.
Section 11-34-131 - Wyoming Transportation Enterprise Account; Use Thereof.