Based on Senate File No. 44, which became effective on July 1, 2008, and amended W.S. Section 40-23-114, among other provisions of the Wyoming Residential Mortgage Practices Act, DocMagic, Inc.'s Compliance Department has updated the Wyoming Mortgage Broker Agreement (WYMBA.MSC), by adding the following to the Agreement:

In addition, please note the following:

(i) We cannot make mortgage loans or issue loan commitments in our name;

(ii) We cannot guarantee acceptance into any particular mortgage loan program or promise any specific mortgage loan terms or conditions;

(iii) We attach the Good Faith Estimate of the fees to be collected, including a credit report fee, property appraisal fee or any other third party fee;

(iv) The terms and conditions for obtaining a refund of any fees or arranging for the transfer of third party service work products to another mortgage lender or mortgage broker, if any, are as follows:                                                             .

The amount of any fees collected in excess of the actual cost shall be returned within sixty (60) days after rejection, withdrawal of an application or closing of the loan.

If you have any questions concerning the contents of this article, please contact the Compliance Department.