In a recent statutory amendment, Colorado added provisions concerning transfers of servicing rights and loan modifications. At the time of a transfer or sale of servicing rights, the transferor/seller is obligated to inform the buyer/transferee as to whether a loan modification is pending. The new servicer is obligated to accept and continue processing any pending loan modification requests and honor any trial and permanent loan modification agreements entered into by the prior servicer. These new provisions apply to loan modifications made on or after March 15, 2013.