Title 33 · WY
33-28-111, shall investigate the complaint and may hold a
Citation: Wyo. Stat. § 33-28-111
Section: 33-28-111
33-28-111, shall investigate the complaint and may hold a suspension or revocation hearing.
(b) If any person files a petition for an order directing payment from the real estate recovery account, the court may order payment out of the real estate recovery account under subsection (c) of this section if it finds:
(i) The petitioner is not a spouse of the judgment debtor or a person representing the spouse;
(ii) The petitioner has obtained a judgment of the kind described in W.S. 33-28-202(a); and
(iii) The judgment debtor has insufficient property upon which execution may be levied to satisfy the judgment or that a writ of execution has been returned unsatisfied.
(c) Upon receipt of an order by the court directing that payment be made out of the real estate recovery account, the state auditor shall draw a warrant for the payment of the amount directed upon a voucher approved by the commission and the state treasurer shall pay the amount directed out of the real estate recovery account. 33-28-204. Suspension of licenses following payment from account; reinstatement.
If the commission is required to make any payment from the real estate recovery account in settlement of a claim or toward the satisfaction of a judgment, the commission shall immediately suspend the judgment debtor's license. The judgment debtor shall not be licensed by the commission or have his license reinstated by the commission until he has repaid in full the amount paid from the real estate recovery account with interest thereon of eighteen percent (18%) per annum. Repayment under this section shall not prohibit the commission from acting in accordance with W.S. 33-28-111. A discharge in bankruptcy shall not relieve a person from the disabilities and penalties of the section.
33-28-205. Subrogation of commission to rights of judgment creditor.
If, upon order of any court, the commission has caused payment to be made from the real estate recovery account to a judgment creditor, the commission is subrogated to the rights of the judgment creditor with respect to the amount so paid. Any recovery by the commission under this section shall be deposited in the real estate recovery account.
33-28-206. Fund balances; use of education fund and interest from recovery fund.
(a) When the real estate recovery fund and education fund balances exceed fifty thousand dollars ($50,000.00) each, the commission shall not collect annual fees under W.S.