Colorado § 5-21-106 Fees - repeal

Colorado Statutes

§ 5-21-106 — Fees - repeal

Colorado·Title 05 Consumer·Art. Colorado Nonbank Mortgage Servicers Act

(1)A notifier shall pay the following nonrefundable fees established by the administrator pursuant to subsection (3) of this section:

(a)An initial notification fee; and

(b)An annual notification fee.

(2)The administrator shall transmit the fees required by subsection (1) of this section to the state treasurer, who shall credit the fees collected:

(a)(I) Before July 1, 2024, to the uniform consumer credit code cash fund created in section 5-6-204 (1).

(II)This subsection (2)(a) is repealed, effective July 1, 2026.

(b)On and after July 1, 2024, to the consumer credit unit cash fund created in section 5-2-302 (11).

(3)The administrator shall set the fees required by subsection (1) of this section in an amount estimated to cover the administrator's costs in implementing t

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(1) A notifier shall pay the following nonrefundable
fees established by the administrator pursuant to subsection (3) of this section:

(a) An initial notification fee; and

(b) An annual notification fee.

(2) The administrator shall transmit the fees required by subsection (1) of this
section to the state treasurer, who shall credit the fees collected:

(a) (I) Before July 1, 2024, to the uniform consumer credit code cash fund
created in section 5-6-204 (1).

(II) This subsection (2)(a) is repealed, effective July 1, 2026.

(b) On and after July 1, 2024, to the consumer credit unit cash fund created in
section 5-2-302 (11).

(3) The administrator shall set the fees required by subsection (1) of this
section in an amount estimated to cover the administrator's costs in implementing
this article 21 and may periodically reduce or increase the amount of one or more of
the fees if necessary pursuant to section 24-75-402 (3) and (4) to reduce the
uncommitted reserves of the uniform consumer credit code cash fund.

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Legislative History

Source: L. 2021: Entire article added, (HB 21-1282), ch. 482, p. 3439, � 1, effective January 1, 2022. L. 2023: (2) amended, (SB 23-248), ch. 360, p. 2154, � 14, effective August 7.