Colorado § 18-5-208 Dual contracts to induce loan

Colorado Statutes

§ 18-5-208 — Dual contracts to induce loan

Colorado § 18-5-208

Title 18Criminal

Art.Offenses Involving Fraud

This text of Colorado § 18-5-208 (Dual contracts to induce loan) 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. § 18-5-208 (2026).

Text

It is a class 2 misdemeanor for any
person to knowingly make, issue, deliver, or receive dual contracts for the purchase
or sale of real property. The term dual contracts, either written or oral, means two
separate contracts concerning the same parcel of real property, one of which
states the true and actual purchase price and one of which states a purchase price
in excess of the true and actual purchase price, and is used, or intended to be used,
to induce persons to make a loan or a loan commitment on such real property in
reliance upon the stated inflated value.

Free access — add to your briefcase to read the full text and ask questions with AI

It is a class 2 misdemeanor for any
person to knowingly make, issue, deliver, or receive dual contracts for the purchase
or sale of real property. The term dual contracts, either written or oral, means two
separate contracts concerning the same parcel of real property, one of which
states the true and actual purchase price and one of which states a purchase price
in excess of the true and actual purchase price, and is used, or intended to be used,
to induce persons to make a loan or a loan commitment on such real property in
reliance upon the stated inflated value.

Legislative History

Source: L. 71: R&RE, p. 440, � 1. C.R.S. 1963: � 40-5-208. L. 2021: Entire section amended, (SB 21-271), ch. 462, p. 3185, � 237, effective March 1, 2022.