Colorado § 29-8-122 - Failure to pay installments.
Full text of Colorado Colorado Revised Statutes § 29-8-122 — Failure to pay installments., with citation guidance and answers to common questions.
§ 29-8-122. Failure to pay installments.
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.
Source: L. 71: p. 995, § 1. C.R.S. 1963: § 89-23-22.
ANNOTATION
Law reviews. For article, "Survey of Colorado Tax Liens", see 14 Colo. Law. 1765 (1985).
Frequently Asked Questions About Colorado § 29-8-122
What does Colorado Revised Statutes § 29-8-122 cover?
Section 29-8-122 ("Failure to pay installments.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 29-8-122?
A common citation format is "Colorado Revised Statutes § 29-8-122" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 29-8-122 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.