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Pending Colorado legislation
SENATE BILL 07-085
A BILL FOR AN ACT CONCERNING ADDITIONAL CONSUMER PROTECTIONS RELATING TO REAL ESTATE TRANSACTIONS.
Bill Summary
Prohibits a mortgage broker from improperly influencing a real estate appraisal and makes such improper influencing a deceptive trade practice. Specifies criminal penalties for such misconduct. Authorizes the director of the division of registrations in the department of regulatory agencies to revoke a mortgage broker's registration when the broker has improperly influenced a real estate appraisal or has, in the previous 5 years, been enjoined by a court in any state from brokering a mortgage. Prohibits a mortgage broker from improperly influencing a real estate appraisal and makes such improper influencing a deceptive trade practice. Specifies criminal penalties for such misconduct. Authorizes the director of the division of registrations in the department of regulatory agencies to revoke a mortgage broker's registration when the broker has improperly influenced a real estate appraisal or has, in the previous 5 years, been enjoined by a court in any state from brokering a mortgage.
Full text: http://www.leg.state.co.us/Clics/Clics2007A/csl.nsf/fsbillcont3/AC8243E2C963689487257251007D66CF?Open&file=085_01.pdf
HOUSE BILL 07-1157
A BILL FOR AN ACT CONCERNING REAL ESTATE FORECLOSURES.
Bill Summary
Allows a court in an action for unlawful detention of real property following a foreclosure sale to dispense with appearances by the plaintiff and a hearing in certain circumstances. Entitles a public trustee to receive fees for processing a rescission of a foreclosure sale and for rescheduling a sale after a rescission. Changes the time by which a public trustee or sheriff (officer) processing a foreclosure shall send notice of the foreclosure to persons on an amended mailing list provided by the holder of the evidence of debt. Allows a holder of an evidence of debt to provide an amended mailing list.
Full text:
http://www.leg.state.co.us/Clics/Clics2007A/csl.nsf/fsbillcont3/EC18262F33808C0287257251007B83A7?Open&file=1157_01.pdf