§ 38-29-125 — Security interests upon manufactured homes

(1) Except as
provided in this section, the provisions of the Uniform Commercial Code, title 4,
C.R.S., relating to the filing, recording, releasing, renewal, and extension of
mortgages, as the term is defined in section 38-29-102 (9), shall not be applicable
to manufactured homes. Any mortgage intended by the parties thereto to
encumber or create a lien on a manufactured home, to be effective as a valid lien
against the rights of third persons, purchasers for value without notice,
mortgagees, or creditors of the owner, shall be filed for public record and the fact
thereof noted on the owner's certificate of title or bill of sale substantially in the
manner provided in section 38-29-128; and the filing of such mortgage with the
authorized agent and the notation by him of that fact on the certificate of title or
bill of sale substantially in the manner provided in section 38-29-128 shall
constitute notice to the world of each and every right of the person secured by such
mortgage.

(2) The provisions of this section and section 38-29-128 shall not apply to
any mortgage or security interest upon any manufactured home held for sale or
lease which constitutes inventory as defined in section 4-9-102, C.R.S. As to such
mortgages or security interests, the provisions of article 9 of title 4, C.R.S., shall
apply, and perfection of such mortgages or security interests shall be made
pursuant thereto, and the rights of the parties shall be governed and determined
thereby.

Legislative History

Source: L. 83: Entire article added, p. 1456, � 1, effective June 15. L. 2001: (2) amended, p. 1447, � 45, effective July 1.