Colorado § 10-4-114 - Requirements on hazard insurance coverage for loans secured by real property.
Full text of Colorado Colorado Revised Statutes § 10-4-114 — Requirements on hazard insurance coverage for loans secured by real property., with citation guidance and answers to common questions.
§ 10-4-114. Requirements on hazard insurance coverage for loans secured by real property.
(1) No lender shall require a borrower under a loan secured by real property to provide hazard insurance coverage on that property in an amount exceeding the replacement value of the improvements on the property.
(2) Any person harmed by a violation of this section shall be entitled to obtain injunctive relief and may recover damages and reasonable attorney fees and costs.
(3) A violation of this section does not affect the validity of the loan or the mortgage or deed of trust.
Source: L. 88: Entire section added, p. 403, § 2, effective April 29.
ANNOTATION
Law reviews. For article, "The Standard Mortgage Clause", see 20 Colo. Law. 731 (1991).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 10-4-114
What does Colorado Revised Statutes § 10-4-114 cover?
Section 10-4-114 ("Requirements on hazard insurance coverage for loans secured by real property.") 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 § 10-4-114?
A common citation format is "Colorado Revised Statutes § 10-4-114" (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 § 10-4-114 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.