New regulations for Colorado mortgage brokers
Tuesday, November 14, 2006
Many people have learned their lessons with to-good-to-be-true loans that are out there and if they haven’t learned yet…they will.
Lenders have recently been put under the Colorado Department of Regulatory Agencies and on or after January 1, 2007, all mortgage brokers conducting business in this state must be registered with the Division of Real Estate pursuant to HB06-1161. This is a necessary step in protecting people’s largest investment and makes mortgage brokers in the state of Colorado accountable for their actions.