Colorado § 35-75-108 - Authority - loans to or made by lenders.
Full text of Colorado Colorado Revised Statutes § 35-75-108 — Authority - loans to or made by lenders., with citation guidance and answers to common questions.
§ 35-75-108. Authority - loans to or made by lenders.
(1) The authority may:
(a) Make, and undertake commitments to make, loans to lenders under terms and conditions requiring the proceeds thereof to be used by such lenders to make loans to finance agricultural enterprises. Loan commitments or actual loans shall be originated through and serviced by any bank, trust company, savings and loan association, mortgage banker, or other financial institution authorized to transact business in this state.
(b) Invest in, purchase or make commitments to invest in or purchase, or take assignments or make commitments to take assignments of loans made by lenders for the construction, rehabilitation, or purchase of agricultural enterprises. No loan shall be eligible for investment in, purchase, or assignment by the authority if the loan was made more than six months prior to the date of investment, purchase, or assignment by the authority.
(2) Prior to exercising any of the powers authorized in subsection (1) of this section, the authority shall require the lender to certify and agree that:
(a) The loan is, or if the loan has not yet been made will at the time of making be, in all respects a prudent investment; and
(b) Such lender will use the proceeds of the loan, investment, sale, or assignment within a reasonable period of time to make loans or purchase loans to finance agricultural enterprises; or, if such lender has made a commitment to make loans to finance agricultural enterprises on the basis of a commitment from the authority to purchase such loans, such lender will make and sell the loans to the authority within a reasonable period of time.
(3) Prior to exercising any of the powers under subsection (1) of this section, the authority may, but is not obligated to:
(a) Require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;
(b) Require any type of security that it deems reasonable and necessary; or
(c) Authorize the reservation of funds by lenders in such amount and subject to such conditions as the authority considers reasonable and necessary.
Source: L. 81: Entire article added, p. 1737, § 1, effective June 19.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 35-75-108
What does Colorado Revised Statutes § 35-75-108 cover?
Section 35-75-108 ("Authority - loans to or made by lenders.") 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 § 35-75-108?
A common citation format is "Colorado Revised Statutes § 35-75-108" (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 § 35-75-108 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.