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CO HB1254

Bill

Status

Passed

4/23/2018

Primary Sponsor

Kevin Van Winkle

Click for details

Origin

House of Representatives

2018 Regular Session

AI Summary

  • Modifies Colorado's foreclosure process for properties encumbered by deeds of trust, shifting responsibility for supplying combined notices from the attorney/holder to the public trustee in certain circumstances.

  • Allows combined notices to be omitted from initial filings with prior approval of the public trustee, who will then supply the notice, streamlining the foreclosure filing process.

  • Increases the deposit requirement for foreclosure filings from $650 to $500 plus the fee permitted under section 38-37-104(1)(b)(I), whichever is greater.

  • Clarifies bankruptcy procedures requiring the public trustee to withdraw foreclosures if no request to restart is received within one year of a bankruptcy dismissal or relief from automatic stay order.

  • Establishes procedures for rescheduling sales after bankruptcy dismissals or court orders setting aside sales, with specific timelines for notice and publication requirements.

Legislative Description

Public Trustee Deed Of Trust Foreclosure Sales

Last Action

Governor Signed

4/23/2018

Committee Referrals

Finance3/19/2018
Committee of the Whole3/12/2018
Finance2/22/2018

Full Bill Text

No bill text available