060-38 Wyo. Code R. §§ 38-7 - Loan Terms
(a) Interest Rate.
The interest rate for loans under this Chapter shall be pursuant to Chapter 14
of these rules.
(b) Origination
Fee. The Office shall collect an origination fee in the amount of one-half of
one percent (0.5%) of the approved loan amount.
(c) Length. The term for each loan shall be
set by the Board with due regard given to repayment ability and the security
offered, but in no event shall the term be less than five (5) years or exceed
twenty-five (25) years.
(d)
Repayment. Payments shall be made in accordance with the agreed upon terms
within the executed loan documents.
Notes
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