§ 12-10-705 — Registration required - rules

(1) On or after January 1, 2011, each
mortgage company shall register with the nationwide mortgage licensing system
and registry, unless exempted by rule by the board, and shall renew its registration
each calendar year based on the following criteria:

(a) (I) The mortgage company is legally operating in the state of Colorado in
accordance with standards determined and administered by the Colorado secretary
of state; and

(II) The mortgage company is not legally barred from operating in Colorado.

(b) Sole proprietors, general partnerships, and other mortgage companies
not otherwise required to register with the secretary of state shall register using a
trade name.

Legislative History

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 694, � 1, effective October 1.