Per VMP Statelink
Prepayment Penalty - Licensees must disclose to the borrower if there is a prepayment penalty for the mortgage loan product, the amount or calculation of the prepayment penalty, and the terms of the prepayment penalty. The disclosure must be delivered before the issuance of a commitment by a mortgage broker or at the same the the borrower is given the federal truth-in-lending act disclosure by the mortgage lender. [WY Stat Section 40-23-115(b) and 113(a)(ii) amended by 2005 Wyoming Senate File 13][WY Division of Banking Regulation Chapter 2, Section 6]
[VMP-1091(WY), WY Important Prepayment Penalty Disclosure]
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Kevin Martin, CRCM, CAMS