Colorado § 12-10-706 - License or registration inactivation.
Full text of Colorado Colorado Revised Statutes § 12-10-706 — License or registration inactivation., with citation guidance and answers to common questions.
§ 12-10-706. License or registration inactivation.
(1) The board may inactivate a state license or a registration with the nationwide mortgage licensing system and registry when a licensee has failed to:
(a) Comply with the surety bond requirements of sections 12-10-704 (8) and 12-10-717;
(b) Comply with the errors and omissions insurance requirement in section 12-10-707 or any rule of the board that directly or indirectly addresses errors and omissions insurance requirements;
(c) Maintain current contact information, surety bond information, or errors and omissions insurance information as required by this part 7 or by any rule of the board that directly or indirectly addresses those requirements;
(d) Respond to an investigation or examination;
(e) Comply with any of the education or testing requirements set forth in this part 7 or in any rule of the board that directly or indirectly addresses education or testing requirements; or
(f) Register with and provide all required information to the nationwide mortgage licensing system and registry.
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 § 12-61-903.3 as it existed prior to 2019.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 12-10-706
What does Colorado Revised Statutes § 12-10-706 cover?
Section 12-10-706 ("License or registration inactivation.") 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 § 12-10-706?
A common citation format is "Colorado Revised Statutes § 12-10-706" (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 § 12-10-706 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.