Today it is expected that a late Bill will be introduced in the Colorado Legislator proposing to mandate undefined loss mitigation efforts by the lender prior to foreclosure.  Although there may be merit underlying this effort, the late nature of the legislation and the impact on the judiciary and lending industry would be massive and should not be taken lightly.  The proposed requirements and procedures will have a fiscal impact and participation by all interested parites should be had before implementing more changes on the heels of the major foreclosure law reform last year.