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HB16-1306

Mortgage Loan Originators Secure And Fair Enforcement For Mortgage Licensing Act Of 2008

Concerning revision of the state statutes governing mortgage loan originators to conform more closely to applicable federal law, and, in connection therewith, amending, relocating, and repealing provisions in accordance with the federal "Secure and Fair Enforcement for Mortgage Licensing Act of 2008".
Session:
2016 Regular Session
Subjects:
Civil Law
Financial Services & Commerce
Housing
State Government
Bill Summary

The act amends, relocates, and repeals provisions of Colorado's mortgage loan originator licensing statutes that either:
  • Conflict with or have been rendered superfluous by recent changes to federal law and rules; or
  • No longer reflect current national standards of practice in the mortgage lending industry.

(Note: This summary applies to this bill as enacted.)

Status

Introduced
Passed
Became Law

Bill Text