Colorado § 11-38-108 Inapplicability of related statutes

Colorado Statutes

§ 11-38-108 — Inapplicability of related statutes

Colorado·Title 11 Financial·Art. Reverse Mortgages

(1)A reverse mortgage may be made or acquired without regard to the following provisions for other types of mortgage transactions set out in the statutes specified in this subsection (1):

(a)Any law of this state limiting loan-to-value ratios;

(b)Prohibitions on balloon payments pursuant to section 5-3-208, C.R.S.;

(c)Any law of this state limiting interest on interest, the adding of deferred interest to principal, or the compounding of interest;

(d)Subject to section 11-38-105 (3), interest rate limits under the usury statutes pursuant to sections 5-12-103 and 18-15-104, C.R.S.;

(e)Any law of this state applicable to insurance or insurance companies under title 10, C.R.S.

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(1) A reverse mortgage may
be made or acquired without regard to the following provisions for other types of
mortgage transactions set out in the statutes specified in this subsection (1):

(a) Any law of this state limiting loan-to-value ratios;

(b) Prohibitions on balloon payments pursuant to section 5-3-208, C.R.S.;

(c) Any law of this state limiting interest on interest, the adding of deferred
interest to principal, or the compounding of interest;

(d) Subject to section 11-38-105 (3), interest rate limits under the usury
statutes pursuant to sections 5-12-103 and 18-15-104, C.R.S.;

(e) Any law of this state applicable to insurance or insurance companies
under title 10, C.R.S.

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