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Colo. Rev. Stat. § 38-40.5-101 Short title
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This article 40.5 may be cited as the "Uniform Mortgage Modification Act". Source: L. 2026: Entire article added, (HB 26-1089), ch. 76, p. 299, § 1, effective August 12.
Colo. Rev. Stat. § 38-40.5-102 Definitions
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In this article 40.5: (1) "Electronic" means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic, or similar capabilities. (2) "Financial covenant" means an undertaking to demonstrate an obligor's creditworthiness or the adequacy of sec…
Colo. Rev. Stat. § 38-40.5-103 Scope
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(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 o…
Colo. Rev. Stat. § 38-40.5-104 Effect of Mortgage Modification
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(a) For a mortgage modification described in subsection (b) of this section: (1) The mortgage continues to secure the obligation as modified; (2) The priority of the mortgage is not affected by the modification; (3) The mortgage retains its priority regardless of whether a record…