Casi Mod
Colorado Loan Modification Laws
Colorado Loan Modification Laws
COLORADO
Loan Modification Laws
Section 12-61-902(5), C.R.S.
defines a mortgage broker as one who negotiates, originates, or offers or
attempts to negotiate or originate for a borrower a residential mortgage
loan. Section 12-61-902(2), C.R.S. further defines brokering a mortgage to
include directly or indirectly acting as a mortgage broker. It is the
position of the Director of the Division of Real Estate that Financial
Institution Employees are mortgage brokers, even where their employer funds
its own loans. Such individuals are directly or indirectly acting as
mortgage brokers for a borrower.
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