Colorado § 12-10-609 - Bond required.
Full text of Colorado Colorado Revised Statutes § 12-10-609 — Bond required., with citation guidance and answers to common questions.
§ 12-10-609. Bond required.
(1) Before the board issues a license to an applicant for an appraisal management company license, the applicant shall post with the board a surety bond in the amount of twenty-five thousand dollars. A licensed appraisal management company shall maintain the required bond at all times.
(2) The surety bond shall require the surety to provide notice to the board within thirty days if payment is made from the surety bond or if the bond is canceled.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 674, § 1, effective October 1.
Editor's note: This section is similar to former § 12-61-709 as it existed prior to 2019.
Frequently Asked Questions About Colorado § 12-10-609
What does Colorado Revised Statutes § 12-10-609 cover?
Section 12-10-609 ("Bond required.") 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 § 12-10-609?
A common citation format is "Colorado Revised Statutes § 12-10-609" (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 § 12-10-609 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.