Notice Filed with SOS |
04/15/2021 |
Rule |
ProposedRuleAttach2021-00238.pdf |
Statutory Authority |
Section 11-102-104(1), C.R.S., which states “the banking board is the policy-making and rule-making authority for the division of banking and has the power to: (a) make, modify, reverse, and vacate rules for the proper enforcement and administration of this code…” |
Description of Subjects/Issues |
The purpose of this rulemaking is to amend 3-CCR 701-4 PDP4 to value Uniform Mortgage-Backed
Securities (UMBS) and Supers Securities (Supers) issued by the Federal Home Loan Mortgage Corporation (FHLMC) or Federal National Mortgage Association (FNMA) consistently with current and previously issued FHLMC and FNMA mortgage-backed pass-through securities (MBS). |
Purpose/Objective of Rule |
The purpose of this rule is to apply risk-based market values to eligible collateral allowed in Banking Board Rule 3-CCR 701-4 PDP3. |
Basis And Purpose |
BasisAndPurposeAttachment2021-00238.pdf
|
Submitted in response to issues raised by COLS/OLLS? |
No
|
Is this rule adopted in response to recent legislation? |
No
|
Hearing Date |
05/20/2021 |
Hearing Time |
10:00 AM |
Hearing Location |
1560 Broadway Ste 975, Denver CO 80202 |
Contact Name |
Chas Siler |
Contact Title |
Banking Board Secretary |
Contact Telephone |
303-894-7575 |
Contact email |
charles.siler@state.co.us |