Colorado § 29-8-122 Failure to pay installments

Colorado Statutes

§ 29-8-122 — Failure to pay installments

Colorado § 29-8-122

Title 29Government

Art.Underground Conversion of Utilities

This text of Colorado § 29-8-122 (Failure to pay installments) 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. § 29-8-122 (2026).

Text

Failure to pay any installment,
whether of principal or interest, when due shall cause the whole of the unpaid
principal to become due and collectable immediately, and the whole amount of the
unpaid principal and accrued interest shall thereafter draw interest at the rate of
one percent per month or fraction of a month until the day of sale; but at any time
prior to the day of sale, the owner may pay the amount of all unpaid installments,
with interest at one percent per month or fraction of a month, and all penalties
accrued, and shall thereupon be restored to the right thereafter to pay in
installments in the same manner as if the default had not been suffered.

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Failure to pay any installment,
whether of principal or interest, when due shall cause the whole of the unpaid
principal to become due and collectable immediately, and the whole amount of the
unpaid principal and accrued interest shall thereafter draw interest at the rate of
one percent per month or fraction of a month until the day of sale; but at any time
prior to the day of sale, the owner may pay the amount of all unpaid installments,
with interest at one percent per month or fraction of a month, and all penalties
accrued, and shall thereupon be restored to the right thereafter to pay in
installments in the same manner as if the default had not been suffered.