Colorado Statutes
§ 13-20-701 — Legislative declaration
Colorado § 13-20-701
This text of Colorado § 13-20-701 (Legislative declaration) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Colo. Rev. Stat. § 13-20-701 (2026).
Text
Federal and state environmental laws
provide that the owner of real property is liable for cleanup of property
contamination and define who is the owner of such property. If a borrower defaults
on a loan, a lender must decide whether to foreclose and potentially become the
owner. For fear of becoming liable for conditions they did not create, lenders are
showing a reluctance to foreclose, thus leaving no one responsible for the cleanup.
So that lenders can predict with more certainty what their costs will be when they
foreclose, it is the intent of the general assembly to limit third-party liability for
lenders who comply with certain conditions to the cost of cleaning up contaminants
or pollution pursuant to federal, state, and local laws. In addition such limitations
may also m
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Legislative History
Source: L. 90: Entire part added, p. 865, � 2, effective July 1.
Nearby Sections
15
§ 13-1-101
Clerks shall keep record books§ 13-1-102
Entries in records§ 13-1-103
Lost or destroyed records§ 13-1-104
Application for new order or record§ 13-1-107
Costs of replacement§ 13-1-108
Judge may order adjournment§ 13-1-109
Court may appoint trustee§ 13-1-110
Appeal bond defective or insufficient§ 13-1-111
Courts of record§ 13-1-112
Clerk to keep seal§ 13-1-113
Seal - how attached§ 13-1-114
Powers of court§ 13-1-115
Courts may issue proper writsCite This Page — Counsel Stack
Bluebook (online)
Colorado § 13-20-701, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/13/13-20-701.