3 Colo. Code Regs. § 702-8-1-5-5
Current through Register Vol. 47, No. 24, December 25, 2024
Section 3 CCR 702-8-1-5-5 - Rules Regarding Agent LicensingA. To demonstrate compliance with § 10-11-116(2), C.R.S., the title agent or agency seeking licensure shall submit a notarized letter from an certified public accountant verifying that upon a limited review of the title entity's books and records performed for this purpose, the accountant reasonably believes the title agent or agency has a net worth at least equal to the minimum amount set forth in § 10-11-116(2), C.R.S., or the title agent or agency possesses actual paid-in cash capital of at least the amount set forth in § 10-11-116(2), C.R.S.B. Every title agent and agency shall disclose every affiliated business arrangement in a form acceptable to the Commissioner. Such disclosure shall be completed with every new or renewal license application and within thirty (30) days of any changes of the disclosed information.38 CR 17, September 10, 2015, effective 10/1/201539 CR 14, July 25, 2016, effective 8/15/201640 CR 03, February 10, 2017, effective 3/15/201741 CR 12, June 25, 2018, effective 7/15/201842 CR 14, July 25, 2019, effective 8/15/201943 CR 14, July 25, 2020, effective 8/15/202045 CR 16, August 25, 2022, effective 9/14/2022