Division of Real Estate director on leave

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Colorado Division of Real Estate Director Erin Toll is on leave from her job.

She declined to comment about the nature of her absence.

Spokesmen for the division and Gov. Bill Ritter declined to comment because it is a personnel matter.

Earlier this month, her office disclosed that American Home Funding, which employs state Sen. Ted Harvey as a broker, was under investigation for allegedly sending out advertising fliers that resembled official tax documents.

The division later clarified that the Republican was not the target of the investigation.

On Friday, the Senate approved a proposal that would strip the real estate division director’s authority to regulate mortgage brokers and replace it with a board appointed by the governor.

Associated Press