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CO SB025
Bill
AI Summary
- Removes the requirement that vehicle mortgages be filed only in the county where the mortgagor resides or where the vehicle is located, allowing filing in any county in Colorado
- Applies to both first mortgages and junior (second or subsequent) mortgages on motor vehicles and off-highway vehicles
- Allows mortgage lien extensions to be filed in any county rather than only in the county where the mortgage was originally filed or where the owner resides
- Mortgage holders may file either with paper documents or electronically
- Takes effect 90 days after final adjournment of the general assembly, unless a referendum petition is filed
Legislative Description
Allowing Vehicle Mortgage Filings Any County
Transportation & Motor Vehicles
Last Action
Senate Committee on Finance Postpone Indefinitely
2/4/2025
Committee Referrals
Finance1/8/2025
Full Bill Text
No bill text available