C.R.S. Section 6-1-1104
Foreclosure consulting contract

(1)

A foreclosure consulting contract shall be in writing and provided to and retained by the home owner, without changes, alterations, or modifications, for review at least twenty-four hours before it is signed by the home owner.

(2)

A foreclosure consulting contract shall be printed in at least twelve-point type and shall include the name and address of the foreclosure consultant to which a notice of cancellation can be mailed and the date the home owner signed the contract.

(3)

A foreclosure consulting contract shall fully disclose the exact nature of the foreclosure consulting services to be provided and the total amount and terms of any compensation to be received by the foreclosure consultant or associate.

(4)

A foreclosure consulting contract shall be dated and personally signed, with each page being initialed, by each home owner and the foreclosure consultant and shall be acknowledged by a notary public in the presence of the home owner at the time the contract is signed by the home owner.

(5)

A foreclosure consulting contract shall contain the following notice, which shall be printed in at least fourteen-point bold-faced type, completed with the name of the foreclosure consultant, and located in immediate proximity to the space reserved for the home owner’s signature:
Notice Required by Colorado Law
------- (Name) or (his/her/its) associate cannot ask you to sign or have you sign any document that transfers any interest in your home or property to (him/her/it) or (his/her/its) associate.
------- (Name) or (his/her/its) associate cannot guarantee you that they will be able to refinance your home or arrange for you to keep your home.
You may, at any time, cancel this contract, without penalty of any kind.
If you want to cancel this contract, mail or deliver a signed and dated copy of this notice of cancellation, or any other written notice, indicating your intent to cancel to ---------------- (name and address of foreclosure consultant) at ---------------------- (address of foreclosure consultant, including facsimile and electronic mail address).
As part of any cancellation, you (the home owner) must repay any money actually spent on your behalf by --------------------- (name of foreclosure consultant) prior to receipt of this notice and as a result of this agreement, within sixty days, along with interest at the prime rate published by the federal reserve plus two percentage points, with the total interest rate not to exceed eight percent per year.
This is an important legal contract and could result in the loss of your home. Contact an attorney or a housing counselor approved by the federal department of housing and urban development before signing.

(6)

A completed form in duplicate, captioned “Notice of Cancellation” shall accompany the foreclosure consulting contract. The notice of cancellation shall:

(a)

Be on a separate sheet of paper attached to the contract;

(b)

Be easily detachable; and

(c)

Contain the following statement, printed in at least fourteen-point type:
Notice of Cancellation

(Date of contract)

To: (name of foreclosure consultant)(Address of foreclosure consultant, including facsimile and electronic mail) I hereby cancel this contract.
------------------ (Date)
------------------ (Home owner’s signature)

(7)

The foreclosure consultant shall provide to the home owner a signed, dated, and acknowledged copy of the foreclosure consulting contract and the attached notice of cancellation immediately upon execution of the contract.

(8)

The time during which the home owner may cancel the foreclosure consulting contract does not begin to run until the foreclosure consultant has complied with this section.

Source: Section 6-1-1104 — Foreclosure consulting contract, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-06.­pdf (accessed Oct. 20, 2023).

6‑1‑101
Short title 6‑1‑102
Definitions 6‑1‑103
Attorney general and district attorneys concurrently responsible for enforcement 6‑1‑104
Cooperative reporting 6‑1‑105
Unfair or deceptive trade practices 6‑1‑106
Exclusions 6‑1‑107
Powers of attorney general and district attorneys 6‑1‑108
Subpoenas - hearings - rules 6‑1‑109
Remedies 6‑1‑110
Restraining orders - injunctions - assurances of discontinuance 6‑1‑111
Information and evidence confidential and inadmissible - when 6‑1‑112
Civil penalties 6‑1‑113
Civil actions - damages - other relief - class actions 6‑1‑114
Criminal penalties 6‑1‑115
Limitations 6‑1‑116
Investigation of unfair business practices by regulated persons - district attorney requests for records from licensing authorities - interagency agreements with attorney general - legislative declaration - definitions 6‑1‑201
Definitions 6‑1‑202
Prohibited act 6‑1‑203
Collision damage waiver form - requirements - failure to comply 6‑1‑204
Prohibited exclusion 6‑1‑205
Information to be disclosed in advertisements for rental agreements for rental motor vehicles 6‑1‑206
Additional mandatory charges - required disclosures - definitions 6‑1‑207
Adaptive equipment in rental motor vehicles - requirements - failure to comply - legislative declaration - definitions 6‑1‑301
Legislative declaration 6‑1‑302
Definitions 6‑1‑303
Registration of commercial telephone sellers 6‑1‑304
Unlawful telemarketing practices 6‑1‑305
Penalties 6‑1‑401
Legislative intent 6‑1‑402
Definitions 6‑1‑403
Express warranty required - authorized servicers 6‑1‑404
Remedies 6‑1‑405
Remedies for consumers of purchased wheelchairs - conditions 6‑1‑406
Remedies for consumers of leased wheelchairs - conditions 6‑1‑407
Resale of a returned wheelchair - disclosure required 6‑1‑408
Other remedies - waiver of rights void 6‑1‑409
Fraudulent acts 6‑1‑410
Arbitration 6‑1‑411
Defect notification 6‑1‑412
Disclosures 6‑1‑501
Definitions 6‑1‑502
Express warranty required - authorized servicers 6‑1‑503
Remedies 6‑1‑504
Remedies for consumers of purchased facilitative devices - conditions 6‑1‑505
Remedies for consumers of leased facilitative devices - conditions 6‑1‑506
Resale of a returned facilitative device - disclosure required 6‑1‑507
Other remedies - waiver of rights void - limitation of coverage 6‑1‑508
Fraudulent acts 6‑1‑509
Arbitration 6‑1‑510
Defect notification 6‑1‑511
Disclosures 6‑1‑701
Dispensing hearing aids - deceptive trade practices - definitions 6‑1‑702
Unsolicited facsimiles - deceptive trade practice - definitions 6‑1‑702.5
Commercial electronic mail messages - deceptive trade practice - remedies - definitions - short title - legislative declaration 6‑1‑703
Time shares and resale time shares - deceptive trade practices 6‑1‑703.5
Time share resale transfer agreements - deceptive trade practices 6‑1‑704
Health clubs - deceptive trade practices 6‑1‑705
Dance studios - deceptive trade practices 6‑1‑706
Buyers’ clubs - deceptive trade practices 6‑1‑707
Use of title or degree - deceptive trade practice 6‑1‑708
Vehicle sales and leases - deceptive trade practice - definition 6‑1‑709
Sales of manufactured and tiny homes - deceptive trade practices 6‑1‑710
Trafficking of false airbag - deceptive trade practices - criminal liability - definitions 6‑1‑711
Restrictions on credit card receipts - legislative declaration - application - definitions 6‑1‑712
Discount health plan and cards - deceptive trade practices - definitions 6‑1‑713
Disposal of personal identifying information - policy - definitions 6‑1‑713.5
Protection of personal identifying information - definition 6‑1‑714
Unfair drug pricing practice - deceptive trade practice - definitions 6‑1‑715
Confidentiality of social security numbers 6‑1‑716
Notification of security breach 6‑1‑717
Influencing a real estate appraisal - deceptive trade practice 6‑1‑718
Ticket sales and resales - prohibitions - unlawful conditions - definitions 6‑1‑719
Truth in music advertising 6‑1‑720
Online event ticket sales - deceptive trade practice - definitions 6‑1‑721
Like-kind exchanges by exchange facilitators - deceptive trade practice - definitions 6‑1‑722
Gift certificates - validity - exemptions - definitions 6‑1‑723
Cathinone bath salts - deceptive trade practice 6‑1‑724
Unlicensed alternative health-care practitioners - deceptive trade practices - short title - legislative declaration - definitions 6‑1‑725
Synthetic cannabinoids - incense - deceptive trade practice 6‑1‑726
Sale of public services - deceptive trade practice - definition 6‑1‑727
Immigration-related services provided by nonattorneys - deceptive trade practice - definitions 6‑1‑728
Solicitation of fee for a deed or deed of trust - definitions 6‑1‑729
Assisted living residence referral - disclosures - penalty - fine - definitions 6‑1‑730
Price gouging during declared disaster prohibited - deceptive trade practice - legislative declaration - definitions 6‑1‑731
Contracts for dating services and online dating services - right of cancellation - remedy for violations - required notice regarding fraud bans - definitions 6‑1‑732
Automatic renewal contracts - unlawful acts - required disclosures - right to cancel - trial period offers - exemptions - definitions 6‑1‑733
Solicitations to file a secretary of state document or retrieve a copy of a public record for a fee - requirements - definition 6‑1‑734
Access to abortion services and emergency contraception - deceptive trade practice - definitions 6‑1‑801
Legislative finding, declaration, and intent 6‑1‑802
Definitions 6‑1‑803
Prohibited practices and required disclosures 6‑1‑804
Exemptions 6‑1‑901
Short title 6‑1‑902
Legislative declaration 6‑1‑903
Definitions 6‑1‑904
Unlawful to make telephone solicitations to subscribers on the Colorado no-call list - requirements for telephone solicitations generally 6‑1‑905
Establishment and operation of a Colorado no-call list 6‑1‑906
Enforcement - penalties - defenses 6‑1‑907
Acceptance of gifts, grants, and donations 6‑1‑908
Severability 6‑1‑1001
Restrictions on use of loan information for solicitations - definition 6‑1‑1101
Short title 6‑1‑1102
Legislative declaration 6‑1‑1103
Definitions 6‑1‑1104
Foreclosure consulting contract 6‑1‑1105
Right of cancellation 6‑1‑1106
Waiver of rights - void 6‑1‑1107
Prohibited acts 6‑1‑1108
Criminal penalties 6‑1‑1109
Unconscionability 6‑1‑1110
Language 6‑1‑1111
Written contract required 6‑1‑1112
Written contract - contents - notice 6‑1‑1113
Cancellation 6‑1‑1114
Notice of cancellation 6‑1‑1115
Options through reconveyances 6‑1‑1116
Waiver of rights - void 6‑1‑1117
Prohibited conduct 6‑1‑1118
Criminal penalties 6‑1‑1119
Unconscionability 6‑1‑1120
Language 6‑1‑1121
Short sales - subsequent purchaser - definition 6‑1‑1201
Short title 6‑1‑1202
Definitions 6‑1‑1203
Insurance coverage during car sharing period 6‑1‑1204
Notification of implications of lien 6‑1‑1205
Liability - exclusions for personal automobile liability insurance policy - indemnification 6‑1‑1206
Prohibition on exclusion of coverage for car sharing 6‑1‑1207
Record keeping 6‑1‑1208
Federal law - vicarious liability 6‑1‑1209
Insurable interest 6‑1‑1210
Required disclosures and notices 6‑1‑1211
Driver’s license verification and data retention 6‑1‑1212
Shared car equipment 6‑1‑1213
Safety recalls 6‑1‑1214
Enabling operation at airport 6‑1‑1301
Short title 6‑1‑1302
Legislative declaration 6‑1‑1303
Definitions 6‑1‑1304
Applicability of part 6‑1‑1305
Responsibility according to role 6‑1‑1306
Consumer personal data rights - repeal 6‑1‑1307
Processing de-identified data 6‑1‑1308
Duties of controllers 6‑1‑1309
Data protection assessments - attorney general access and evaluation - definition 6‑1‑1310
Liability 6‑1‑1311
Enforcement - penalties - repeal 6‑1‑1312
Preemption - local governments 6‑1‑1313
Rules - opt-out mechanism 6‑1‑1401
Definitions 6‑1‑1402
Disclosure of information by online marketplaces to inform consumers 6‑1‑1403
Enforcement 6‑1‑1404
Preemption 6‑1‑1501
Short title 6‑1‑1502
Definitions 6‑1‑1503
Powered wheelchair manufacturer obligations regarding services - exemptions 6‑1‑1504
Limitations 6‑1‑1505
Federal legislation on right to repair agricultural equipment - repeal - notice to revisor
Green check means up to date. Up to date

Current through Fall 2024

§ 6-1-1104’s source at colorado​.gov