Official record
Measure details
- Jurisdiction
- Colorado
- Session
- 2026A
- Chamber
- lower
- Classification
- bill
- Subjects
- Financial Services & Commerce, Housing
- Introduced / first action
- 2026-02-02 00:00:00
Source-supplied abstracts
The act enacts the 'Uniform Mortgage Modification Act', drafted by the Uniform Law Commission. The act provides that, in the event that a mortgage is modified:The mortgage continues to secure the obligation as modified;The modification does not affect the priority of the mortgage;A mortgage retains its priority regardless of whether a modification agreement is recorded; andThe modification is not a novation.(Note: This summary applies to this bill as enacted.)
Sponsors
- C. Espenoza (primary), sponsor
- M. Snyder (primary), sponsor
- J. Bacon, cosponsor
- M. Carter, cosponsor
- M. Duran, cosponsor
- J. Carson, cosponsor
- J. Coleman, cosponsor
- T. Exum, cosponsor
- I. Jodeh, cosponsor
- K. Wallace, cosponsor
- M. Weissman, cosponsor