CO SB122

Allows certificate of purchase holders to pay off junior liens at face value through the public trustee without locating the junior lienor or giving them an opportunity to refuse payment and redeem the property.

Requires junior lienors seeking to redeem to file notice of intent within eight business days of sale with specific documentation, including an itemized statement of the amount required to redeem.

Adds documentation requirements for unit owners' association liens, including evidence of declaration recording date, assignment records, and itemized accounting of amounts claimed due, signed by an authorized association representative or attorney.

Establishes a $30 fee to the public trustee for accepting and transmitting redemption payments, and requires the certificate of purchase holder to pay off junior liens or submit a redemption statement within thirteen business days of sale.

Clarifies that junior lienors whose liens are satisfied by the certificate holder have no claim to excess proceeds and that a prior lienor's redemption or satisfaction does not shorten subsequent lienors' redemption periods.