Colorado - Proposed DORA Regs on Hard Money Lending

[Andy J.]

I received an email earlier today about a proposed change to the Colorado statutes concerning hard money lenders. If this passes it will require all hard money lenders to be licensed. Link below.

http://www.dora.state.co.us/real-estate/rulemaking/MB/NOH_1_1_6_021611.pdf

Of course I'm completely against this. I'm disappointed that anyone would promote such nonsense and propose such a change.