C.R.S. Section 11-38-108
Inapplicability of related statutes

(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.

Source: Section 11-38-108 — Inapplicability of related statutes, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 11-38-108’s source at colorado​.gov