Jack Tate
- Republican
Primary
Current law defines a mortgage loan originator as an individual who offers or negotiates terms of a residential mortgage loan, including to any family member, but there is an exemption for a parent who acts as a loan originator in providing loan financing to his or her child. The bill expands the exemption to include up to 3 loans per year without compensation, other than interest, between family members, and directs the board of mortgage loan originators to define 'family member' by rule. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Governor Signed
Sent to the Governor
Signed by the Speaker of the House
Signed by the President of the Senate
House Third Reading Passed - No Amendments
House Second Reading Passed - No Amendments
House Committee on Business Affairs and Labor Refer Unamended to House Committee of the Whole
Introduced In House - Assigned to Business Affairs and Labor
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Business, Labor, & Technology
| Bill Text Versions | Format |
|---|---|
| Committee Amendment | |
| Introduced (01/27/2017) | |
| Engrossed (02/09/2017) | |
| Reengrossed (02/10/2017) | |
| Revised (03/03/2017) | |
| Rerevised (03/06/2017) | |
| Final Act (03/10/2017) | |
| Signed Act (03/16/2017) |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/02/2017) | |
| Fiscal Note FN2 (07/25/2017) |
Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.
If you notice any inconsistencies with these official sources, feel free to file an issue.