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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  2007-01339


CCR details

Tracking Number 2007-01339
Type of Filing Emergency
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

Rule
Additional Information
Statutory Authority 12-61-910.3 and 24-4-103(6), C.R.S.
Purpose/Objective of Rule Mortgage brokers to make a reasonable inquiry concerning the borrower?s current and prospective income, existing debts and other obligations, and any other information known to the mortgage broker and, after making such inquiry, to make his or her best efforts to recommend, broker, or originate a residential mortgage loan that takes into consideration the information submitted by the borrowers.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
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 AdoptedRules02007-01339.RTF
Emergency Justification EmergencyJustificationPathAttach2007-01339.DOC
Adopted Date 12/04/2007
Emergency AGO requested date 12/04/2007
Attorney General Opinion 12/14/2007
Effective Date 12/04/2007
Inserted into CCR 12/19/2007