Colorado § 42-6-122 Disposition of mortgages by agent - rules

Colorado Statutes

§ 42-6-122 — Disposition of mortgages by agent - rules

Colorado·Title 42 Vehicles and·Art. Certificates of Title -

(1)The authorized agent, upon receipt of the mortgage, shall file the mortgage in the agent's office, appropriately indexed and cross-indexed:

(a)Under one or more of the following headings in accordance with the rules adopted by the director:

(I)Make or vehicle identification number of motor or off-highway vehicles mortgaged;

(II)Names of owners of mortgaged motor or off-highway vehicles as they appear on the certificates of title thereto;

(III)The numbers of the certificates of title for motor or off-highway vehicles mortgaged;

(IV)The numbers or other identification marks assigned to registration certificates issued upon the registration of mortgaged vehicles;

(b)Under the name of the mortgagee, the holder of the mortgage, or the owner of the vehicle; or

(c)Under

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(1) The authorized
agent, upon receipt of the mortgage, shall file the mortgage in the agent's office,
appropriately indexed and cross-indexed:

(a) Under one or more of the following headings in accordance with the rules
adopted by the director:

(I) Make or vehicle identification number of motor or off-highway vehicles
mortgaged;

(II) Names of owners of mortgaged motor or off-highway vehicles as they
appear on the certificates of title thereto;

(III) The numbers of the certificates of title for motor or off-highway vehicles
mortgaged;

(IV) The numbers or other identification marks assigned to registration
certificates issued upon the registration of mortgaged vehicles;

(b) Under the name of the mortgagee, the holder of the mortgage, or the
owner of the vehicle; or

(c) Under such other system as the director may devise and determine to be
necessary for the efficient administration of this part 1.

(2) All records of mortgages affecting motor or off-highway vehicles are
public and may be inspected and copied, as is provided by law respecting public
records affecting real property. A duly certified copy of the department's electronic
record of the mortgage or lien is admissible in any civil, criminal, or administrative
proceeding in this state as evidence of the existence of the mortgage or lien.

Colorado § 42-6-122 (Disposition of mortgages by agent - rules) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 94: Entire title amended with relocations, p. 2459, � 1, effective January 1, 1995. L. 2000: IP(1) amended, p. 1663, � 16, effective July 1, 2001. L. 2009: IP(1)(a) and (1)(a)(I) amended, (HB 09-1089), ch. 196, p. 880, � 2, effective October 1. L. 2013: Entire section amended, (SB 13-280), ch. 407, p. 2387, � 18, effective June 5; (2) amended, (HB 13-1289), ch. 380, p. 2225, � 4, effective June 5.