Get the free COLORADO SUPERVISED LENDER'S LICENSE APPLICATION - coloradoattorneygeneral
Show details
This memorandum outlines the requirements for obtaining a Colorado supervised lender's license under the Colorado Uniform Consumer Credit Code (UCCC). It includes details about licensed activities,
We are not affiliated with any brand or entity on this form
Get, Create, Make and Sign colorado supervised lenders license
Edit your colorado supervised lenders license form online
Type text, complete fillable fields, insert images, highlight or blackout data for discretion, add comments, and more.
Add your legally-binding signature
Draw or type your signature, upload a signature image, or capture it with your digital camera.
Share your form instantly
Email, fax, or share your colorado supervised lenders license form via URL. You can also download, print, or export forms to your preferred cloud storage service.
How to edit colorado supervised lenders license online
In order to make advantage of the professional PDF editor, follow these steps:
1
Log in. Click Start Free Trial and create a profile if necessary.
2
Prepare a file. Use the Add New button. Then upload your file to the system from your device, importing it from internal mail, the cloud, or by adding its URL.
3
Edit colorado supervised lenders license. Add and change text, add new objects, move pages, add watermarks and page numbers, and more. Then click Done when you're done editing and go to the Documents tab to merge or split the file. If you want to lock or unlock the file, click the lock or unlock button.
4
Save your file. Choose it from the list of records. Then, shift the pointer to the right toolbar and select one of the several exporting methods: save it in multiple formats, download it as a PDF, email it, or save it to the cloud.
pdfFiller makes working with documents easier than you could ever imagine. Try it for yourself by creating an account!
Uncompromising security for your PDF editing and eSignature needs
Your private information is safe with pdfFiller. We employ end-to-end encryption, secure cloud storage, and advanced access control to protect your documents and maintain regulatory compliance.
How to fill out colorado supervised lenders license
How to fill out COLORADO SUPERVISED LENDER'S LICENSE APPLICATION
01
Obtain the Colorado Supervised Lender's License Application form from the Colorado Division of Financial Services website.
02
Read the instructions carefully to understand the requirements and eligibility criteria.
03
Fill out the application form completely, providing all required personal and business information.
04
Prepare and attach required documentation, such as financial statements, business formation documents, and background information.
05
Submit the application along with the application fee and any additional requested materials.
06
Await notification from the Colorado Division of Financial Services regarding the status of your application.
Who needs COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
01
Individuals and businesses that intend to engage in lending activities in Colorado, including making consumer loans, credit, or mortgages.
02
Organizations that provide financial services that require them to possess a supervised lender's license according to Colorado law.
03
Any party seeking to operate legally as a lender in the state of Colorado.
Fill
form
: Try Risk Free
People Also Ask about
What is a supervised loan in Colorado?
A supervised loan is a consumer loan in which the rate of the finance charge exceeds 12% per year. If your company makes, services, or takes assignment of supervised loans, you will need to apply and obtain a Supervised Lender's License.
Who regulates lenders in Colorado?
The Colorado Attorney General's Office, through the Administrator of the Uniform Consumer Credit Code, investigates complaints about lenders and creditors, licenses non-bank lenders such as finance companies and payday lenders, and takes appropriate disciplinary or legal action when a creditor violates the law.
Who are supervised lenders in Colorado?
Supervised lenders are non-depositories, or financial institutions that do not allow customers to make deposits. Supervised lenders in Colorado include SpeedyCash, EZPawn, Check City, Ace Cash, Moneytree, and Checkmate.
What is a supervised lender?
A supervised lender or mortgagee is a financial institution that is a member of the Federal Reserve System or an institution whose accounts are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration. A supervised mortgagee may submit applications for mortgage insurance.
What is a supervised lender license?
A license through NMLS is required of any company, branch, or individual (i.e., sole proprietorship) that makes supervised loans, takes assignment of, and undertakes direct collection of payments from or enforcement of rights against debtors arising from supervised loans, or services mortgage loans.
Do I need a license to lend money in Colorado?
Pursuant to Uniform Consumer Credit Code ("UCCC”), those engaging in the business of supervised loans are required to obtain a Colorado Supervised Lender license.
What is the highest interest rate allowed by law in Colorado?
And then there's Colorado, where a rate above 45 percent is deemed usurious for non-consumer loans. However, the rate for consumer loans is capped at 12 percent unless they are “supervised loans,” which includes credit card debt, made by a “supervised lender.” These loans are capped at 36 percent.
For pdfFiller’s FAQs
Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
The Colorado Supervised Lender's License Application is a formal request to obtain a license to operate as a supervised lender in Colorado, allowing businesses to provide loans to consumers while adhering to state regulations.
Who is required to file COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
Any individual or entity intending to engage in the business of supervised lending in Colorado is required to file the application.
How to fill out COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
To fill out the application, applicants must provide detailed information including their business structure, financial data, and compliance with state laws. They may need to submit supporting documents and pay an application fee.
What is the purpose of COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
The purpose of the application is to ensure that lenders meet the legal requirements and standards set by the state of Colorado to protect consumers in lending practices.
What information must be reported on COLORADO SUPERVISED LENDER'S LICENSE APPLICATION?
The application must report details such as the business name, address, ownership structure, financial statements, criminal history of owners, and compliance policies related to lending.
Fill out your colorado supervised lenders license online with pdfFiller!
pdfFiller is an end-to-end solution for managing, creating, and editing documents and forms in the cloud. Save time and hassle by preparing your tax forms online.
Colorado Supervised Lenders License is not the form you're looking for?Search for another form here.
Relevant keywords
Related Forms
If you believe that this page should be taken down, please follow our DMCA take down process
here
.
This form may include fields for payment information. Data entered in these fields is not covered by PCI DSS compliance.
