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  • Colorado Tangible Net Benefit Disclosure

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Colorado Tangible Net Benefit Disclosure Date: Borrower Name CoBorrower Name Property Address Mortgage Loan Originator CO License #: NMLS ID The purpose of this disclosure is to assist borrowers and.

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The Colorado Dual Status Disclosure form must be completed, disclosed, and provided to the borrower within three (3) Business Days after receipt of a loan Application.

A tangible net benefit (alternatively referred to as a “net tangible benefit”) can be thought of as the financial advantage a client gains by refinancing.

The Colorado Dual Status Disclosure form must be completed, disclosed, and provided to the borrower within three (3) Business Days after receipt of a loan Application. D. Mortgage Loan Originators must maintain the disclosure form as set forth in this Rule for a period of four (4) years.

A state specific NTB test will be required in CO*, MA, MD, ME, RI, SC, VA and WV.

But for a borrower to qualify, FHA states that there must be what's called a “net tangible benefit” or “NTB.” That means the lender must prove that the streamline refinance is in the borrower's best interest. The problem is, many applicants are satisfied with their proposed monthly savings, but don't meet the NTB rule.

Colorado Statute 12-61-903 requires all mortgage loan originators operating in the state to obtain a license with the Colorado Division of Real Estate.

2. What are the penalties for a conviction for mortgage fraud in Colorado? Amount of FraudCrime ClassFinesUp to $300Petty OffenseUp to $300$300 to less than $1,000Class 2 MisdemeanorUp to $750$1,000 to less than $2,000Class 1 MisdemeanorUp to $1,000$2,000 or more but less than $5,000Class 6 FelonyUp to $10,0004 more rows

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232