2019 Wyoming Statutes
Title 40 - Trade and Commerce
Chapter 29 - Financial Technology Sandbox Act
Section 40-29-109 - Rules and Orders; Enforcement of Bond; Restitution; Applicability of Wyoming Administrative Procedure Act. Note: This Is Effective as of 1/1/2020.
40-29-109. Rules and orders; enforcement of bond; restitution; applicability of Wyoming Administrative Procedure Act. Note: this is effective as of 1/1/2020.
(a) The commissioner and secretary shall each adopt rules to implement this act. The rules adopted by the commissioner and secretary under this subsection shall be as consistent as reasonably possible, but shall account for differences in the statutes and programs administered by the commissioner and secretary.
(b) The commissioner or secretary may issue:
(i) All necessary orders to enforce this act, including ordering the payment of restitution, and enforce these orders in any court of competent jurisdiction;
(ii) An order under paragraph (i) of this subsection to enforce the bond posted under W.S. 40-29-104(h), or a portion of this bond, and use proceeds from the bond to offset losses suffered by consumers as a result of an innovative financial product or service.
(c) All actions of the commissioner or secretary under this act shall be subject to the Wyoming Administrative Procedure Act.
