2016 Colorado Revised Statutes
Title 18 - Criminal Code
Article 5 - Offenses Involving Fraud
Part 2 - Fraud in Obtaining Property or Services
§ 18-5-208. Dual contracts to induce loan
It is a class 3 misdemeanor for any person to knowingly make, issue, deliver, or receive dual contracts for the purchase or sale of real property. The term "dual contracts", either written or oral, means two separate contracts concerning the same parcel of real property, one of which states the true and actual purchase price and one of which states a purchase price in excess of the true and actual purchase price, and is used, or intended to be used, to induce persons to make a loan or a loan commitment on such real property in reliance upon the stated inflated value.
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