Wyoming

The relevant statute is the Wyoming Uniform Consumer Credit Code, Wyo. Stat. §§40-14-101 through 40-14-702 ("WY-UCCC").

A. Actions lender may take: WY-UCCC §40-14-317(a) - If a lender has to pay for collateral insurance required in a mortgage loan agreement subject to WY-UCCC, the lender may add the amounts paid for that insurance to the loan amount.

B. Notices required: WY-UCCC §40-14-317(a) - After obtaining any required insurance, the lender must give the borrower a written statement describing the sums advanced, any charges with respect to that amount, any revised payment schedule, and the kind of insurance paid for by the lender (including a description of the type and amount of coverages).

C. Coverage required: No express statutory provision.

D. Charges permitted: WY-UCCC §40-14-317(a) - The lender may pay amounts required to insure or preserve the property secured by the loan agreement.

E. Finance charge allowed on lender's payment: WY-UCCC §40-14-317 - For non-purchase money mortgage loan agreements subject to WY-UCCC, the lender may impose the finance charge previously disclosed to the borrower on the sums advanced. For revolving loan accounts, the lender may add the amount of an advance to the unpaid balance and impose a finance charge up to the amount permitted for consumer loans (WY-UCCC §40-14-304) or supervised loans (WY-UCCC §40-14-341), whichever is appropriate.

Click here to view relevant Wyoming Code and Regulations.