MLO Advisory

As of October 24, 2024, 52% of state licensed mortgage loan originators have not updated their NMLS account. Updating their account today will save MLOs time during the renewal period.

The 2024 Legislative Session was a very busy one. Although some bills were lost, many did become law. All licensees, but also consumers, should be aware of those laws that affect the real estate practice. The Division of Real Estate has prepared the following legislative summaries to aid you in better understanding the latest changes. Final language of these acts and other information about the Colorado General Assembly can be found on the Colorado General Assembly’s website at: https://leg.colorado.gov/

In October 2021, the Colorado Department of Local Affairs established the Emergency Mortgage Assistance Program. The Program uses federal Homeowner Assistance Funds to help eligible Colorado homeowners keep their homes.

The Colorado General Assembly Legislative Session adjourned on May 9, 2023. During the session, many new bills directly or indirectly affecting real estate and the practice of real estate were passed and became law. Understanding these laws, whether you are a real estate professional or simply an interested member of the public, may be helpful. The Division of Real Estate has prepared the following legislative summaries to aid you in better understanding the latest changes. Final language of these acts and other information about the Colorado General Assembly can be found on the Colorado General Assembly’s website at: https://leg.colorado.gov/

A mortgage loan originator (MLO), is a licensed professional that assists a consumer seeking a loan to purchase a home or to refinance their existing home loan, and works with them throughout the loan approval process.