Colorado Statutes
§ 11-38-111 — Consumer information and counseling
No reverse mortgage shall
be made by a lender unless the loan applicant attests, in writing, that the applicant
has been advised by the lender to obtain independent counseling regarding the
advisability of such applicant's entering into a reverse mortgage transaction and
that such applicant has either obtained such counseling or waived such counseling
in writing.
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Legislative History
Source: L. 92: Entire article added, p. 943, � 1, effective April 23.
Nearby Sections
15
§ 11-10.5-101
Short title§ 11-10.5-102
Legislative declaration§ 11-10.5-103
Definitions§ 11-10.5-104
Applicability of article§ 11-10.5-105
Authority of banking board§ 11-10.5-107
Eligible collateral - uninsured public deposits§ 11-10.5-109
Verification of collateral held - reports required§ 11-10.5-110
Procedures when event of default occurs§ 11-10.5-112
Annual fees and assessments§ 11-101-101
Short title§ 11-101-102
Declaration of policy§ 11-101-201
Effect on existing banks§ 11-101-301
Application of code§ 11-101-302
No private right of action