The Colorado Nonbank Mortgage Servicers Act requires a mortgage servicer, as defined in § 5-21-103(4), C.R.S., to notify the Administrator. A person acting as a mortgage servicer must notify the Administrator and pay the fee prescribed in § 5-21-106 within 30 days after commencing servicing in the state, and, thereafter, on or before January 31 each year.
|Initial Notification Fee||$ 1,000|
|Renewal becomes available||Around mid-December each year|
|Renewal Deadline!||January 31 each year|
*Renewals must be submitted annually by January 31.
IMPORTANT NOTE: The above notification filing (once issued) is valid through each January 31 regardless of the date issued and must be renewed annually. Expand the above information for specific dates for mortgage servicers.
Although a notification expiration date may reflect the prior 1/31, the existing notification shall not expire (so long as a renewal is submitted) until the renewal application has been finally acted upon by the agency, pursuant to § 24-4-104(7), C.R.S.