Almost 3500 Register Under Colorado's Morgtage Brokers Registration Act

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Colorado's Morgtage Brokers Registration Act, a new state law which took effect Jan. 1, has already had almost 3500 people register under its terms and has barred 10 people from registering as mortgage brokers.

At least 500 more applications were waiting for the completion of the statutorily mandated criminal background checks.

Legislators passed this new law with the view to prevent the frauds associated with real estate scams, predatory lending, and foreclosures.

To read more, see Mortgage broker law already bars 10 people, at RockyMountainNews.com.
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