WyomingMortgage changes keep priority even when unrecorded
Starting July 1, 2026, listed changes to a mortgage or secured debt keep the mortgage’s priority, even if the change is not recorded.
What it does
For listed changes to a mortgage or secured debt, the mortgage keeps its existing place ahead of later claims. This applies even if the change is not recorded.
Argument forBorrowers and lenders may be able to change listed loan terms while keeping the mortgage’s existing place ahead of later claims.
Argument againstLater lenders may have a harder time seeing changed loan terms because a covered mortgage can keep its priority even when the change is not recorded.
More detail
For listed changes to a mortgage or secured debt, the mortgage continues to secure the changed debt and keeps its priority. The listed changes include changes to payment dates, interest, unpaid amounts, escrow or reserve accounts, insurance, and financial promises made by the borrower. This applies to listed changes such as extending the due date, lowering the interest rate, changing certain rate terms, adjusting escrow or insurance requirements, and reducing or forgiving amounts owed. The mortgage keeps its priority whether or not the change is recorded. These rules do not apply to changes that release or add property, change who owes the debt, or transfer the mortgage or debt. The law does not invalidate those other changes or take away their priority. This applies to mortgage changes made on or after July 1, 2026, regardless of when the mortgage or debt began.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Feb 27Assigned Chapter Number 6Latest
- Feb 27Governor Mark Gordon Signed SEA No. 0003Became Law
- Feb 26H Speaker Signed SEA No. 0003
- Feb 25S President Signed SEA No. 0003
- Vote recorded H 3rd Reading:Passed 59-0-3-0-0. Result: pass.Lower
- Feb 25Assigned Number SEA No. 0003
- Feb 25H 3rd Reading:Passed 59-0-3-0-0Passed 2nd Chamber
- Feb 24H 2nd Reading:PassedMinor
- Feb 24H COW:PassedMinor
- Feb 19H Placed on General File
- Vote recorded H07 - Corporations:Recommend Do Pass 8-0-1-0-0. Result: pass.Lower
- Feb 19H07 - Corporations:Recommend Do Pass 8-0-1-0-0Minor
- Feb 16H Introduced and Referred to H07 - CorporationsMinor
- Feb 13H Received for IntroductionMinor
- Vote recorded S 3rd Reading:Passed 31-0-0-0-0. Result: pass.Upper
- Feb 13S 3rd Reading:Passed 31-0-0-0-0Passed 1st Chamber
- Feb 12S 2nd Reading:PassedMinor
- Feb 11S COW:PassedMinor
- Vote recorded S07 - Corporations:Recommend Amend and Do Pass 5-0-0-0-0. Result: pass.Upper
- Feb 11S Placed on General File
- Feb 11S07 - Corporations:Recommend Amend and Do Pass 5-0-0-0-0Minor
- Feb 9S Introduced and Referred to S07 - Corporations 31-0-0-0-0Minor
- Vote recorded S Introduced and Referred to S07 - Corporations 31-0-0-0-0. Result: pass.Lower
- Jan 5S Received for IntroductionMinor
- 2025
- Dec 31Bill Number AssignedIntroduced
Housing