Colorado disclosure requirements

Colorado requires several state-specific disclosures: (1) Tangible Net Benefit Disclosure at loan application and again before closing if the net benefit changes (Rule 3-1-1); (2) Colorado Compensation Disclosure Form within 3 business days of application, after a lock-in, or if APR increases by more than 1/8 point (Rule 5-1-2); (3) Colorado Lock-in Disclosure Form within 3 business days of application, after a lock-in, or if APR increases (Rule 5-1-2); (4) Prepayment Penalty Disclosure clearly explaining terms, with a form prescribed by the Director (Rule 3-1-4). These are in addition to federal disclosures.