| 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 |