3 Colo. Code Regs. § 714-1-M-5
Current through Register Vol. 47, No. 20, October 25, 2024
A manufactured home licensee who acts in the capacity of a broker shall furnish to each buyer and to each seller, at the time such transaction is consummated, a complete detailed closing statement as it applies to the buyer and to the seller as follows:
a. The dealer shall retain a copy for three years of all closing statements approved by the respective buyers or sellers for future use or for inspection by an authorized representative of the Board.b. The closing statement or statements of such manufactured home transactions shall show the following: 2. The total purchase price, itemization of all adjustments, money, or things of value received or paid showing to whom each item is credited and/or to whom each item is debited.3. The balances due from the respective parties to the transaction, and the names of the payees, makers and assignees, of all notes paid or made or assumed. 4. Closing statements must be signed as approved by the dealer or licensee or his agent and both the purchaser and seller.