# C.R.S. § 12-10-710: 12-10-710. Originator's relationship to borrower - rules

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-710

## Section

- **Citation:** C.R.S. § 12-10-710
- **Heading:** 12-10-710. Originator's relationship to borrower - rules
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 12 / Article 10 / Part 7 / Section 12-10-710

## Text

12-10-710. Originator's relationship to borrower - rules. (1) A mortgage loan originator shall have a duty of good faith and fair dealing in all communications and transactions with a borrower. The duty includes, but is not limited to:

(a) The duty to not recommend or induce the borrower to enter into a transaction that does not have a reasonable, tangible net benefit to the borrower, considering all of the circumstances, including the terms of a loan, the cost of a loan, and the borrower's circumstances;

(b) The duty to make a reasonable inquiry concerning the borrower's current and prospective income, existing debts and other obligations, and any other relevant information and, after making the inquiry, to make his or her best efforts to recommend, broker, or originate a residential mortgage loan that takes into consideration the information submitted by the borrower, but the mortgage loan originator shall not be deemed to violate this section if the borrower conceals or misrepresents relevant information; and

(c) The duty not to commit any acts, practices, or omissions in violation of section 38-40-105.

(2) For purposes of implementing subsection (1) of this section, the board may adopt rules defining what constitutes a reasonable, tangible net benefit to the borrower.

(3) A violation of this section constitutes a deceptive trade practice under the "Colorado Consumer Protection Act", article 1 of title 6.

## Nearby sections

- [C.R.S. § 12-10-701 12-10-701. Short title](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-701.md)
- [C.R.S. § 12-10-702 12-10-702. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-702.md)
- [C.R.S. § 12-10-703 12-10-703. Board of mortgage loan originators - creation - compensation - enforcement of pa](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-703.md)
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- [C.R.S. § 12-10-708 12-10-708. License renewal](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-708.md)
- [C.R.S. § 12-10-709 12-10-709. Exemptions - definition - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-709.md)
- [C.R.S. § 12-10-710 12-10-710. Originator's relationship to borrower - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-710.md)
- [C.R.S. § 12-10-711 12-10-711. Powers and duties of the board - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-711.md)
- [C.R.S. § 12-10-712 12-10-712. Powers and duties of the board over mortgage companies - fines - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-712.md)
- [C.R.S. § 12-10-713 12-10-713. Disciplinary actions - grounds - procedures - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-713.md)
- [C.R.S. § 12-10-714 12-10-714. Hearing - administrative law judge - review - rules](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-714.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A10_P7_S12-10-710. Check the current official text before relying on it. Not legal advice.