One Less Hurdle for Parents Making Mortgage Loans to Kids

Making a residential mortgage loan to a family member can be a win-win, and a recent change in Colorado law makes it a little easier for parents to make such a loan to their children.

Since 2009, almost anyone who offered a residential mortgage loan had to have a state-issued mortgage loan originator’s license or had to work through a licensed professional. Now, parents making mortgage loans to children are exempt from this requirement.

The exemption does not cover loans to other family…