Colorado § 7-49-110 - Mortgage loans eligible for insurance.
Full text of Colorado Colorado Revised Statutes § 7-49-110 — Mortgage loans eligible for insurance., with citation guidance and answers to common questions.
§ 7-49-110. Mortgage loans eligible for insurance.
(1) Fund insurance may be made available under the following conditions:
(a) Fund insurance is applicable to loans originated by mortgagees approved by the corporation.
(b) Mortgage loans must be a first lien against subject property.
(c) Mortgage loans involving leaseholds must have a remaining lease term of not less than the mortgage term plus ten years.
(d) Mortgage loans on one- to eight-family properties are eligible only if owner-occupied.
(e) All mortgage loans shall bear interest at the rate agreed upon by the mortgagor and the corporation if the loan is made directly from funds held by the corporation and transferred to a participating lender, or by the mortgagor and the lending institution if the loan is made by the institution on call from the corporation.
(f) No mortgage loan shall be insured for a term in excess of forty years.
(g) The mortgage loan must contain amortization provisions satisfactory to the corporation for the complete amortization of the loan in monthly installments. Generally, the sum of principal and interest payments shall be substantially the same from month to month; however, special amortization programs involving increasing or decreasing monthly payments may be considered for insurance by the corporation.
(h) Mortgage loans submitted for insurance consideration to the corporation must conform to the exhibits, documentation, and eligibility criteria as required under the loan insurance program for which approval is being requested. The corporation may establish, from time to time, the maximum interest rate and term of the loan which it will permit as to any loan it will insure.
Source: L. 75: Entire article added, p. 268, § 1, effective June 29.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 7-49-110
What does Colorado Revised Statutes § 7-49-110 cover?
Section 7-49-110 ("Mortgage loans eligible for insurance.") 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 § 7-49-110?
A common citation format is "Colorado Revised Statutes § 7-49-110" (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 § 7-49-110 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.