Wyoming 2026 Session Status: Enacted
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SF 31 — Uniform mortgage modification act.

Last action — Governor Signed SEA No. 0003

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced December 31, 2025. Enacted.

Signed by Governor Mark Gordon (Republican) on February 27, 2026.

Prognosis

Advancing 52% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Spreading across states

    Near-identical bills in 1 other state — cross-state momentum.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

This bill adopts the Uniform Mortgage Modification Act, establishing a framework for modifying mortgages and related obligations. The bill defines key terms such as "mortgage," "modification" and "obligation" and specifies the types of mortgage modifications covered by the act, including changes to interest rates, payment schedules and financial covenants. The bill ensures that a mortgage retains its priority and continues to secure the obligation after a mortgage modification, without requiring re-recording. The act excludes certain modifications, such as property releases or transfers of mortgages, from the scope of the act. The bill applies the act to mortgage modifications made on or after July 1, 2026.

Bill Text

What changed in the latest version

216 added · 247 removed

Plain-language change summary

The revised version of Bill SF 31 includes a clarification in the definitions section that specifies what "electronic" means, along with a new definition for "financial covenant." This change is important because it provides clear terminology that can help in understanding the legal framework surrounding mortgage modifications, making it easier for everyone involved—borrowers, lenders, and legal professionals—to navigate these processes effectively.

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S TATE OF W YOMING 26LSO-0150 SENATE FILE NO.
ORIGINAL SENATE FILE NO.
SF0031 Uniform mortgage modification act.
SF0031 ENROLLED ACT NO.
Sponsored by:
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION AN ACT relating to mortgages;
Joint Corporations, Elections & Political Subdivisions Interim Committee A BILL for AN ACT relating to mortgages;
6 Be It Enacted by the Legislature of the State of Wyoming:
Be It Enacted by the Legislature of the State of Wyoming:
8 Section 1.
Section 1.
1 SF0031 STATE OF WYOMING 26LSO-0150 This act may be cited as the Uniform Mortgage Modification Act.
This act may be cited as the Uniform Mortgage Modification Act.
4 34-30-102.
34-30-102.
6 (a) As used in this act:
(a) As used in this act:
8 (i) "Electronic" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities;
(i) "Electronic" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities;
2 SF0031 STATE OF WYOMING 26LSO-0150 (A) Means an agreement that creates a consensual interest in real property to secure payment or performance of an obligation, regardless of:
ORIGINAL SENATE FILE NO.
5 (I) How the agreement is denominated, including a mortgage, deed of trust, trust deed, security deed, indenture or deed to secure debt;
SF0031 ENROLLED ACT NO.
and 9 (II) Whether the agreement also creates a security interest in personal property.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (A) Means an agreement that creates a consensual interest in real property to secure payment or performance of an obligation, regardless of:
(I) How the agreement is denominated, including a mortgage, deed of trust, trust deed, security deed, indenture or deed to secure debt;
and (II) Whether the agreement also creates a security interest in personal property.
3 SF0031 STATE OF WYOMING 26LSO-0150 (B) An agreement that creates an obligation, including a promissory note, loan agreement or credit agreement;
(B) An agreement that creates an obligation, including a promissory note, loan agreement or credit agreement;
or 5 (C) An agreement that creates other security or credit enhancement for an obligation, including an assignment of leases or rents or a guaranty.
or (C) An agreement that creates other security or credit enhancement for an obligation, including an assignment of leases or rents or a guaranty.
9 (vi) "Obligation" means a debt, duty or other liability, secured by a mortgage;
(vi) "Obligation" means a debt, duty or other liability, secured by a mortgage;
(A) Owes payment or performance of an obligation;
ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (A) Owes payment or performance of an obligation;
4 SF0031 STATE OF WYOMING 26LSO-0150 (viii) "Recognized index" means an index to which changes in the interest rate may be linked that is:
(viii) "Recognized index" means an index to which changes in the interest rate may be linked that is:
4 (A) Readily available to, and verifiable by, the obligor;
(A) Readily available to, and verifiable by, the obligor;
and 7 (B) Beyond the control of the person to whom the obligation is owed.
and (B) Beyond the control of the person to whom the obligation is owed.
or 5 SF0031 STATE OF WYOMING 26LSO-0150 (B) Attach to or logically associate with the record an electronic symbol, sound or process.
or (B) Attach to or logically associate with the record an electronic symbol, sound or process.
4 (xi) "This act" means W.S.
ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (xi) "This act" means W.S.
7 34-30-103.
34-30-103.
9 (a) Except as provided in subsection (c) of this section, this act applies to a mortgage modification.
(a) Except as provided in subsection (c) of this section, this act applies to a mortgage modification.
6 SF0031 STATE OF WYOMING 26LSO-0150 (iv) A statute governing the priority of a tax lien or other governmental lien;
(iv) A statute governing the priority of a tax lien or other governmental lien;
4 (v) A statute of frauds or the Uniform Electronic Transactions Act;
(v) A statute of frauds or the Uniform Electronic Transactions Act;
7 (vi) Except as provided in W.S.
(vi) Except as provided in W.S.
(ii) A release of, addition of, or other change in an obligor;
ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (ii) A release of, addition of, or other change in an obligor;
SF0031 STATE OF WYOMING 26LSO-0150 2 (a) For a mortgage modification described in subsection (b) of this section:
(a) For a mortgage modification described in subsection (b) of this section:
5 (i) The mortgage continues to secure the obligation as modified;
(i) The mortgage continues to secure the obligation as modified;
8 (ii) The priority of the mortgage is not affected by the modification;
(ii) The priority of the mortgage is not affected by the modification;
8 SF0031 STATE OF WYOMING 26LSO-0150 (ii) A decrease in the interest rate of an obligation;
(ii) A decrease in the interest rate of an obligation;
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4 (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:
(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:
8 (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;
ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (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;
9 SF0031 STATE OF WYOMING 26LSO-0150 (v) A forgiveness, forbearance or other reduction of principal, accrued interest or other monetary obligation;
(v) A forgiveness, forbearance or other reduction of principal, accrued interest or other monetary obligation;
5 (vi) A modification of a requirement for maintaining an escrow or reserve account for payment of an obligation, including taxes and insurance premiums;
(vi) A modification of a requirement for maintaining an escrow or reserve account for payment of an obligation, including taxes and insurance premiums;
9 (vii) A modification of a requirement for acquiring or maintaining insurance;
(vii) A modification of a requirement for acquiring or maintaining insurance;
and (x) A modification of the payment amount or schedule resulting from another modification described in this section.
and ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION (x) A modification of the payment amount or schedule resulting from another modification described in this section.
SF0031 STATE OF WYOMING 26LSO-0150 2 34-30-105.
This act shall not be construed to negate the validity or priority of a mortgage modification not described in subsection (b) of this section.
34-30-105.
4 (a) In applying and construing this uniform act, a court shall consider the promotion of uniformity of the law among jurisdictions that enact it.
(a) In applying and construing this uniform act, a court shall consider the promotion of uniformity of the law among jurisdictions that enact it.
8 (b) This act shall not be construed to negate the validity or priority of a mortgage modification not described in W.S.
(b) This act shall not be construed to negate the validity or priority of a mortgage modification not described in W.S.
§ 7001 et seq., as amended, but does not modify, limit or supersede 15 U.S.C.
§ et seq., as amended, but does not modify, limit or supersede 15 U.S.C.
11 SF0031 STATE OF WYOMING 26LSO-0150 This act applies to a mortgage modification made on or after July 1, 2026 regardless of when the mortgage or obligation was created.
This act applies to a mortgage modification made on or after July 1, 2026 regardless of when the mortgage or obligation was created.
Section 2.
ORIGINAL SENATE FILE NO.
SF0031 ENROLLED ACT NO.
3, SENATE SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING BUDGET SESSION Section 2.
(END) SF0031
(END) Speaker of the House President of the Senate Governor TIME APPROVED:
_________ DATE APPROVED:
_________ I hereby certify that this act originated in the Senate.
Chief Clerk 8
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Amendments

2 amendments

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Action History

  1. Governor Signed SEA No. 0003

  2. Assigned Chapter Number 6

  3. H Speaker Signed SEA No. 0003

  4. H 3rd Reading:Passed 59-0-3-0-0

  5. Assigned Number SEA No. 0003

  6. S President Signed SEA No. 0003

  7. H COW:Passed

  8. H 2nd Reading:Passed

  9. H07 - Corporations:Recommend Do Pass 8-0-1-0-0

  10. H Placed on General File

  11. H Introduced and Referred to H07 - Corporations

  12. S 3rd Reading:Passed 31-0-0-0-0

  13. H Received for Introduction

  14. S 2nd Reading:Passed

  15. S07 - Corporations:Recommend Amend and Do Pass 5-0-0-0-0

  16. S Placed on General File

  17. S COW:Passed

  18. S Introduced and Referred to S07 - Corporations 31-0-0-0-0

  19. S Received for Introduction

  20. Bill Number Assigned

Sponsors

  • Elections and Political Subdivisions Corporations · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 92 not signed on

Sponsors (1)

  • Corporations, Elections and Political Subdivisions

Co-sponsors (0)

None.

Not signed on (92)

92 members have not signed on to this bill.

Show all 92 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance housing

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Frequently asked questions

What does SF 31 do?
This bill adopts the Uniform Mortgage Modification Act, establishing a framework for modifying mortgages and related obligations. The bill defines key terms such as "mortgage," "modification" and "obligation" and specifies the types of mortgage modifications covered by the act, including changes to interest rates, payment schedules and financial covenants. The bill ensures that a mortgage retains its priority and continues to secure the obligation after a mortgage modification, without requiring re-recording. The act excludes certain modifications, such as property releases or transfers of mortgages, from the scope of the act. The bill applies the act to mortgage modifications made on or after July 1, 2026.
Who sponsors SF 31?
SF 31 is sponsored by Corporations, Elections and Political Subdivisions.
What is the current status of SF 31?
This bill has been enacted into law. Introduced December 31, 2025. Enacted.
Where can I track SF 31?
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