| Notice Filed with SOS |
12/11/2019 |
| Rule |
ProposedRuleAttach2019-00739.pdf |
| Statutory Authority |
Part 7 of Title 12, Article 10, Colorado Revised Statutes, as amended. |
| Description of Subjects/Issues |
Chapter 2: Requirements for Licensure |
| Purpose/Objective of Rule |
The specific purpose of this Rule is to ensure the modifications made through the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155) as codified in the SAFE Mortgage Licensing Act of 2008 reconcile with the requirements found in § 12-10-711(11), C.R.S. Effective November 24, 2019, federal law will grant temporary authority for individuals moving from a depository to a non-depository institution or a state-licensed mortgage loan originator moving interstate to perform activities requiring a licensing for up to 120 days prior to completion of the mandatory qualifying education or successfully passing the licensing examination. |
| Basis And Purpose |
BasisAndPurposeAttachment2019-00739.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
01/15/2020 |
| Hearing Time |
09:00 AM |
| Hearing Location |
1560 Broadway, Suite 110-D, Denver, CO 80202 |
| Contact Name |
Martha Torres-Recinos |
| Contact Title |
Rulemaking Administrator |
| Contact Telephone |
303-894-2359 |
| Contact email |
martha.torres-recinos@state.co.us |