2020 Colorado Revised Statutes
Title 11 - Financial Institutions
Article 38. Reverse Mortgages
Section 11-38-108. Inapplicability of related statutes.
(1) A reverse mortgage may be made or acquired without regard to the following provisions for other types of mortgage transactions set out in the statutes specified in this subsection (1):
Any law of this state limiting loan-to-value ratios;
Prohibitions on balloon payments pursuant to section 5-3-208, C.R.S.;
Any law of this state limiting interest on interest, the adding of deferred interest toprincipal, or the compounding of interest;
Subject to section 11-38-105 (3), interest rate limits under the usury statutes pursuantto sections 5-12-103 and 18-15-104, C.R.S.;
Any law of this state applicable to insurance or insurance companies under title 10,C.R.S.
Source: L. 92: Entire article added, p. 942, § 1, effective April 23. L. 2000: (1)(b) amended, p. 1872, § 107, effective August 2.
