Colorado § 12-10-720 - Violations - injunctions.
Full text of Colorado Colorado Revised Statutes § 12-10-720 — Violations - injunctions., with citation guidance and answers to common questions.
§ 12-10-720. Violations - injunctions.
(1) (a) Any individual violating this part 7 by acting as a mortgage loan originator in this state without having obtained a license or by acting as a mortgage loan originator after that individual's license has been revoked or during any period for which the license may have been suspended commits a class 2 misdemeanor and shall be punished as provided in section 18-1.3-501; except that, if the violator is not a natural person, the violator shall be punished by a fine of not more than five thousand dollars.
(b) Each residential mortgage loan negotiated or offered to be negotiated by an unlicensed person shall be a separate violation of this subsection (1).
(2) The board may request that an action be brought in the name of the people of the state of Colorado by the attorney general or the district attorney of the district in which the violation is alleged to have occurred to enjoin a person from engaging in or continuing the violation or from doing any act that furthers the violation. In such an action, an order or judgment may be entered awarding the preliminary or final injunction as is deemed proper by the court. The notice, hearing, or duration of an injunction or restraining order shall be made in accordance with the Colorado rules of civil procedure.
(3) A violation of this part 7 shall not affect the validity or enforceability of any mortgage.
Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 709, § 1, effective October 1. L. 2021: (1)(a) amended, (SB 21-271), ch. 462, p. 3154, § 139, effective March 1, 2022.
Editor's note: This section is similar to former § 12-61-910 as it existed prior to 2019.
Frequently Asked Questions About Colorado § 12-10-720
What does Colorado Revised Statutes § 12-10-720 cover?
Section 12-10-720 ("Violations - injunctions.") 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 § 12-10-720?
A common citation format is "Colorado Revised Statutes § 12-10-720" (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 § 12-10-720 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.