(a) Except as provided in subsection (c) of this section, this article 40.5 applies to a mortgage modification.
(b) This article 40.5 does not affect:
(1) Law governing the required content of a mortgage;
(2) A statute of limitations or other law, including part 2 of article 39 of this title 38, governing the expiration or termination of a right to enforce an obligation or a mortgage;
(3) A recording statute;
(4) A statute governing the priority of a tax lien or other governmental lien;
(5) A statute of frauds or article 71 of title 24; or
(6) Except as provided in section 38-40.5-104 (b)(8), law governing the priority of a future advance.
(c) This article 40.5 does not apply to any of the following modifications:
(1) A release of, or addition to, property encumbered by a mortgage;
(2) A release of, addition of, or other change in an obligor; or
(3) An assignment or other transfer of a mortgage or an obligation.
Source: L. 2026: Entire article added, (HB 26-1089), ch. 76, p. 301, § 1, effective August 12.