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2020 Colorado Revised Statutes
Title 11 - Financial Institutions
Article 38. Reverse Mortgages
Section 11-38-111. Consumer information and counseling.
Universal Citation: CO Rev Stat § 11-38-111 (2020)
No reverse mortgage shall be made by a lender unless the loan applicant attests, in writing, that the applicant has been advised by the lender to obtain independent counseling regarding the advisability of such applicant's entering into a reverse mortgage transaction and that such applicant has either obtained such counseling or waived such counseling in writing.
Source: L. 92: Entire article added, p. 943, § 1, effective April 23.
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