Mortgage Broker Law

Please read the following provisions:

• 12-61-902 Definitions

• 12-61-903 License Required – rules

• 12-61-903.5 Errors and omissions insurance

• 12-61-904 Exemptions

• 12-61-904.5 Broker’s relationship to borrower – rules

• 12-61-905 Powers and duties of the director

• 12-61-905.5 Disciplinary actions – grounds – procedures – rules

• 12-61-905.6 Hearing – administrative law judge – review – rules

• 12-61-905.7 Subpoena – misdemeanor

• 12-61-907 Bond required

• 12-61-908 Fees

• 12-91-910 Violations

• 12-61-910.4 Nontraditional mortgages – consumer protections

• 12-61-911 Prohibited conduct – fraud – misrepresentation

• 12-61-911.5 Acts of employee – mortgage broker’s liability

• 12-61-912 Dual status as real estate broker or salesperson

• 12-61-913 Written contract required – effect

• 12-61-914 Written disclosure of fees and costs – contents

• 12-61-915 Fee, commission, or compensation – when permitted