Wyo. Code R. 021-0004-2
Effective Date: 11/03/2021 to 11/16/2021
Rule Type: Expired Emergency Rules & Regulations
Reference Number: 021.0004.2.11032021
FEES, BONDS AND SECURITY
Emergency rules are in effect no longer than 120 days after filing with the Registrar of Rules.
Section 1. Authority.
This chapter is promulgated in part pursuant to W.S. 40-22-109, Application fee, W.S. 40-22-111(a), Renewal of license and annual report, and W.S. 40-22-114(c), Changes in control of licensee.
Section 2. Application fee.
The Commissioner shall collect from every applicant a nonrefundable application fee in the sum of one thousand five hundred dollars ($1,500.00).
Section 3. Annual renewal fee.
In addition to any fees assessed by the registry, the Commissioner shall collect from every licensee an annual renewal fee in an amount determined as follows:
(a) $500.00 annual renewal fee if the licensee's total yearly volume is $0.00. (b) $2,500.00 annual renewal fee if the licensee's total yearly volume is at least $0.01 and less than $1,000,000.00. (c) $5,000.00 annual renewal fee if the licensee's total yearly volume is at least $1,000,000.00 and less than $10,000,000.00. (d) $10,000.00 annual renewal fee if the licensee's total yearly volume is at least $10,000,000.00 and less than $50,000,000.00. (e) $15,000.00 annual renewal fee if the licensee's total yearly volume is $50,000,000.00 or more.
Section 4. Change in control.
Whenever there is a change in control pursuant to W.S. 40-22-114, a licensee shall submit an application for a new license including a fee in the sum of one thousand five hundred dollars ($1,500.00).
Section 5. Determining surety bond or security amount.
The licensee shall submit annually with the renewal application, the appropriate bond or other security device required under W.S. 40-22-106 based on the average daily balance of the licensee’s outstanding payment instruments for Wyoming residents for the preceding year (July 1 through June 30).