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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  2008-00385


CCR details

Tracking Number 2008-00385
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 04/17/2008
Rule ProposedRuleAttach2008-00385.DOC
Statutory Authority 12-61-903 (3)(a), 12-61-904.5(2), 12-61-910.3, and 24-4-103(6), C.R.S.
Description of Subjects/Issues The purpose of this rule is to clarify the education requirements for licensed mortgage brokers. The purpose is also to ensure the compliance of education standards. The rule will prove to be vital for the enhancement of mortgage broker?s knowledge concerning State and Federal law and business practices.
Purpose/Objective of Rule The purpose of this rule is to clarify the education requirements for licensed mortgage brokers. The purpose is also to ensure compliance with education standards. It is vital to consumer protection and to competent mortgage broker practice that mortgage brokers understand applicable State and Federal Law.
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Hearing Date 06/11/2008
Hearing Time 01:30 PM
Hearing Location 1560 Broadway, Suite 925, Denver, Colorado, 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 AdoptedRules02008-00385.RTF AdoptedRules12008-00385.RTF
Adopted Date 06/25/2008
AGO requested date 06/25/2008
Attorney General Opinion 07/11/2008
Effective Date 08/30/2008
Inserted into CCR 08/11/2008