{"data":{"id":"us-wy/wyo.-stat.-34-30-104","jurisdiction":"us-wy","citation":"Wyo. Stat. § 34-30-104","heading":"Effect of mortgage modification.","body":"(a) For a mortgage modification described in subsection (b) of this section:\n(i) The mortgage continues to secure the obligation as modified;\n(ii) The priority of the mortgage is not affected by the modification;\n(iii) The mortgage retains its priority regardless of whether a record of the mortgage modification is recorded; and\n(iv) The modification is not a novation.\n(b) Subsection (a) of this section applies to one (1) or more of the following mortgage modifications:\n(i) An extension of the maturity date of an obligation;\n(ii) A decrease in the interest rate of an obligation;\n(iii) If the modification does not result in an increase in the interest rate of an obligation as calculated on the date the modification becomes effective:\n(A) A change to a different index that is a recognized index if the previous index to which changes in the interest rate were linked is no longer available;\n(B) A change in the differential between the index and the interest rate;\n(C) A change from a floating or adjustable rate to a fixed rate; or\n(D) A change from a fixed rate to a floating or adjustable rate based on a recognized index.\n(iv) A capitalization of unpaid interest or other unpaid monetary obligation;\n(v) A forgiveness, forbearance or other reduction of principal, accrued interest or other monetary obligation;\n(vi) A modification of a requirement for maintaining an escrow or reserve account for payment of an obligation, including taxes and insurance premiums;\n(vii) A modification of a requirement for acquiring or maintaining insurance;\n(viii) A modification of an existing condition to advance funds;\n(ix) A modification of a financial covenant; and\n(x) A modification of the payment amount or schedule resulting from another modification described in this section.\n(c) The effect of a mortgage modification not described in subsection (b) of this section is not governed by this act. This act shall not be construed to negate the validity or priority of a mortgage modification not described in subsection (b) of this section.","path":["TITLE 34 - PROPERTY, CONVEYANCES AND SECURITY TRANSACTIONS","CHAPTER 30 - UNIFORM MORTGAGE MODIFICATION ACT"],"source_url":"https://wyoleg.gov/statutes/compress/title34.pdf","current_through":"2026 Budget Session; as of 2026-07-01","vintage":"","retrieved_at":"2026-09-04T00:16:32Z","sha256":"26d863115efc02c555f02733354c8e79db5729d7dc8e9a92c13afb28054d6d16","source_id":"us-wy","stale":false,"prev":"us-wy/wyo.-stat.-34-30-103","next":"us-wy/wyo.-stat.-34-30-105"},"notice":"GroundRules: Original legal text. Not legal advice."}