Colorado Statutes
§ 12-10-717 — Bond required - rules
Colorado § 12-10-717
This text of Colorado § 12-10-717 (Bond required - rules) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 12-10-717 (2026).
Text
(1)Before receiving a license, an applicant
shall post with the board a surety bond in an amount prescribed by the board by
rule. A licensed mortgage loan originator shall maintain the required bond at all
times. The surety bond may be held by the individual mortgage loan originator or
may be in the name of the company by which the mortgage loan originator is
employed. The board may adopt rules to further define surety bond requirements.
(2)The surety shall not be required to pay a person making a claim upon the
bond until a final determination of fraud, forgery, criminal impersonation, or
fraudulent representation has been made by a court with jurisdiction.
(3)The surety bond shall require the surety to provide notice to the board
within thirty days if payment is made from th
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Legislative History
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p.
709, � 1, effective October 1.
Nearby Sections
15
§ 12-1-101
Short title§ 12-1-102
Scope of article§ 12-1-103
Definitions§ 12-10-101
Definitions§ 12-10-201
Definitions§ 12-10-202
License required§ 12-10-203
Application for license - rules - definition§ 12-10-205
Licenses - issuance - contents - display§ 12-10-209
Record of licensees - publications§ 12-10-214
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Bluebook (online)
Colorado § 12-10-717, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/12/12-10-717.