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CO SB118

Bill

Official Source

Status

Passed

3/22/2013

Primary Sponsor

Mary Hodge

Click for details

Origin

Senate

2013 Regular Session

AI Summary

  • Adds exemption to mortgage loan originator regulations for real estate licensees representing persons providing seller financing for residential properties
  • Applies to persons licensed under Colorado real estate law (Part 1 of Article 12-61) who represent a person, estate, or trust providing mortgage financing
  • Exemption does not apply if federal Consumer Financial Protection Bureau or U.S. Department of Housing and Urban Development determine otherwise
  • Effective immediately as a safety clause measure for public peace, health, and safety

Legislative Description

Seller Financing Mortgage Loan Originator Exempt

Last Action

Governor Action - Signed

3/22/2013

Committee Referrals

Business, Labor, Economic, & Workforce Development2/18/2013
Business, Labor, & Technology1/29/2013

Full Bill Text

No bill text available