010-20 Wyo. Code R. §§ 20-1 - Authority
(a) This Chapter is promulgated pursuant to
Wyoming Statute ("W.S.")
13-12-126.
(b) This Chapter governs special purpose
depository institutions, as defined in W.S.
W.S.
13-1-101(a)(xvi).
(c) The rules of the Board and the Division,
except as provided in this subsection and to the extent not inconsistent with
W.S.
13-12-101 through
13-12-126,
shall apply to special purpose depository institutions. The term "bank" or
"financial institution" in other rules shall be construed to include special
purpose depository institutions when not inconsistent with the powers,
limitations and other characteristics specified by
W.S.
13-12-101 through
13-12-126,
as determined by the Commissioner. Chapter 4, §§ 5 and 6 of the Rules
of the Division shall not apply to special purpose depository
institutions.
(d) Consistent with
W.S.
13-12-107, a special purpose depository
institution is subject to all applicable federal laws relating to insured
depository institutions which are consistent with the powers, limitations and
other characteristics specified by
W.S.
13-12-101 through
13-12-126
and this Chapter, as determined by the Commissioner. A special purpose
depository institution may request the Commissioner to provide guidance on the
applicability of a specific federal law.
Notes
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