Colorado § 10-10-117 - Insurance expense not computed as cost of loan.
Full text of Colorado Colorado Revised Statutes § 10-10-117 — Insurance expense not computed as cost of loan., with citation guidance and answers to common questions.
§ 10-10-117. Insurance expense not computed as cost of loan.
In connection with insurance which is permitted under this article, the premium and any gain or advantage to the creditor, or to any employee, affiliate, or associate of the creditor, from such insurance or its sale shall not be deemed to be an additional or further interest, discount, or charge, and the creditor may receive commissions on the premium paid for such insurance if the creditor or an employee of the creditor is a duly licensed insurance broker or agent under the insurance laws of the state of Colorado.
Source: L. 69: p. 541, § 17. C.R.S. 1963: § 72-28-17.
Cross references: Agents and brokers referenced in this section are referred to as insurance producers, pursuant to part 4 of article 2 of this title 10. (See chapter 257, Session Laws of Colorado 1993.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-10-117
What does Colorado Revised Statutes § 10-10-117 cover?
Section 10-10-117 ("Insurance expense not computed as cost of loan.") 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 § 10-10-117?
A common citation format is "Colorado Revised Statutes § 10-10-117" (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 § 10-10-117 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.