Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

Originator Exemption Mortgages To Family Members

Concerning an expansion of the exemption from the requirements that apply to a mortgage loan originator to include up to three loans per year without compensation between family members.
2017 Regular Session
Financial Services & Commerce
Bill Summary

Current law defines a mortgage loan originator as an individual who offers or negotiates terms of a residential mortgage loan, including to any family member, but there is an exemption for a parent who acts as a loan originator in providing loan financing to his or her child. The bill expands the exemption to include up to 3 loans per year without compensation, other than interest, between family members, and directs the board of mortgage loan originators to define 'family member' by rule.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Became Law


Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    03/16/2017 Signed Act PDF
    03/10/2017 Final Act PDF
    03/06/2017 Rerevised PDF
    03/03/2017 Revised PDF
    02/10/2017 Reengrossed PDF
    02/09/2017 Engrossed PDF
    01/27/2017 Introduced PDF

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details