NOTE: The governor signed this measure on 3/22/2013.
      
      
      SENATE BILL 13-118
      
      
      BY SENATOR(S) Hodge, Newell;
      also REPRESENTATIVE(S) Pabon, Fields, Holbert, Williams.
      
      
      Concerning clarification of the exemptions from the laws
           regulating mortgage loan originators, and, in connection
           therewith, exempting real estate licensees representing
           persons providing seller financing for the sale of a limited
           number of residential properties annually as allowed by
           law.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 12-61-904, add (1) (l)
      as follows:
      
           12-61-904. Exemptions - rules. (1)  Except as otherwise provided
      in section 12-61-911, this part 9 does not apply to the following, unless
      otherwise determined by the federal bureau of consumer financial
      protection or the United States department of housing and urban
      development:
      
           (l)  A person licensed under part 1 of this article who
      represents a person, estate, or trust providing mortgage financing
      under paragraph (b) of this subsection (1).
      
           SECTION 2.  Safety clause. The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ____________________________  ____________________________
      John P. Morse                         Mark Ferrandino
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO