Nothing in this part 1 impairs the validity of a mortgage on a motor or off-highway vehicle between the parties as long as no purchaser for value, mortgagee, or creditor without actual notice of the existence of a mortgage has acquired an interest in the motor or off-highway vehicle described in the mortgage, notwithstanding that the parties to the mortgage have failed to comply with this part 1.
Source: L. 94: Entire title amended with relocations, p. 2462, § 1, effective January 1, 1995. L. 2013: Entire section amended, (SB 13-280), ch. 407, p. 2390, § 24, effective June 5.