3 Colo. Code Regs. § 703-1-13
Current through Register Vol. 48, No. 1, January 10, 2025
Section 3 CCR 703-1-13 - INVESTMENTS PURSUANT TO C.R.S. 11-41-114(5)13-1.Definition. The term "amount invested by the association in real estate through service corporations" means the association's investment in capital stock in any service corporation as well as any loans (including guarantees of loans and letters of credit) made by the association to the service corporation or to a joint venture in which the service corporation is a partner, shareholder or investor.13-2. For the purpose of determining the amount defined in Section 13-1, in the case of a service corporation involved in real estate investments as well as other permitted activities, an association shall maintain sufficient records to document a fair allocation of its investments between the real estate investments and non-real estate activities of the service corporation. In the absence of sufficient records to document the allocation, the Commissioner shall consider the entire service corporation investment to be an investment in real estate through service corporations.