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Current as of January 01, 2022 | Updated by FindLaw Staff
(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):
(a) Any law of this state limiting loan-to-value ratios;
(b) Prohibitions on balloon payments pursuant to section 5-3-208, C.R.S.;
(c) Any law of this state limiting interest on interest, the adding of deferred interest to principal, or the compounding of interest;
(d) Subject to section 11-38-105(3), interest rate limits under the usury statutes pursuant to sections 5-12-103 and 18-15-104, C.R.S.;
(e) Any law of this state applicable to insurance or insurance companies under title 10, C.R.S.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 11. Financial Institutions § 11-38-108. Inapplicability of related statutes - last updated January 01, 2022 | https://codes.findlaw.com/co/title-11-financial-institutions/co-rev-st-sect-11-38-108/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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