Colorado § 12-10-705 - Registration required - rules.
Full text of Colorado Colorado Revised Statutes § 12-10-705 — Registration required - rules., with citation guidance and answers to common questions.
§ 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.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 694, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-903.1 as it existed prior to 2019.
Frequently Asked Questions About Colorado § 12-10-705
What does Colorado Revised Statutes § 12-10-705 cover?
Section 12-10-705 ("Registration required - rules.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 12-10-705?
A common citation format is "Colorado Revised Statutes § 12-10-705" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 12-10-705 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.