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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  2009-00384


CCR details

Tracking Number 2009-00384
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 12-61-903.5 and 24-4-103(6), C.R.S.
Purpose/Objective of Rule The purpose of this rule is to increase the deductible limit, specific to errors and omissions insurance policies covering reverse mortgage transactions, from the current $10,000.00 to $21,000.00.
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 AdoptedRules02009-00384.RTF
Redline Redline2009-00384.DOC
Emergency Justification EmergencyJustificationPathAttach2009-00384.DOC
Adopted Date 05/12/2009
Emergency AGO requested date 05/22/2009
Attorney General Opinion 05/28/2009
Effective Date 05/12/2009
Inserted into CCR 06/03/2009