Colorado statute
C.R.S. § 18-5-208 — Dual contracts to induce loan.
Current through 2025 Regular Session
Part of Part 2: FRAUD IN OBTAINING PROPERTY OR SERVICES, Colorado Revised Statutes.
Full text of C.R.S. § 18-5-208
Statutory text current through the 2025 Regular Session. This is an officially sanctioned publication using the official text of the Colorado Revised Statutes; it is not the official statutes of the State of Colorado.
It is a class 2 misdemeanor for any person to knowingly make, issue, deliver, or receive dual contracts for the purchase or sale of real property. The term "dual contracts", either written or oral, means two separate contracts concerning the same parcel of real property, one of which states the true and actual purchase price and one of which states a purchase price in excess of the true and actual purchase price, and is used, or intended to be used, to induce persons to make a loan or a loan commitment on such real property in reliance upon the stated inflated value.
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