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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2007-01327


CCR details

Tracking Number 2007-01327
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 725 Division of Real Estate
CCR Number 4 CCR 725-3
CCR Title RULES REGARDING MORTGAGE BROKERS

Proposed rule

Notice Filed with SOS 11/30/2007
Rule ProposedRuleAttach2007-01327.DOC
Statutory Authority Section 12-61-910.3 C.R.S.
Description of Subjects/Issues Duty To Respond And Provide Requested Documents For Investigations, Maintaining Current Contact Information And All Information Required For Licensing, Prepayment Penalties, Mortgage Broker Contracts
Purpose/Objective of Rule 1. The purpose of this regulation is to define what documents should be retained for a period of four years and to require mortgage brokers or other persons who assume to act in such capacity within the state to provide a written response and all requested documents to the Director or an authorized representative of the Director. 2. The purpose of this rule is to ensure that mortgage brokers maintain current contact information and all information required for licensing to ensure the Director may adequately protect the Colorado consumer. 3. The purpose of this rule is to establish a presumptio
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 01/08/2008
Hearing Time 01:30 PM
Hearing Location Colorado Division of Real Estate, 1560 Broadway, Suite 925, Denver, CO 80202
Contact Name Yvette Gabardi
Contact Title Rulemaking Coordinator
Contact Telephone 303.894.2341
Contact email yvette.gabardi@dora.state.co.us

Adopted rule

Adopted Rules AdoptedRules02007-01327.RTF
Adopted Date 01/11/2008
AGO requested date 01/11/2008
Attorney General Opinion 01/30/2008
Effective Date 03/01/2008
Inserted into CCR 02/06/2008