Colorado § 38-38-702 - Limitation of officer's liability.
Full text of Colorado Colorado Revised Statutes § 38-38-702 — Limitation of officer's liability., with citation guidance and answers to common questions.
§ 38-38-702. Limitation of officer's liability.
(1) An officer shall not have responsibility or liability for determining:
(a) The amount or reasonableness of a bid at a sale under section 38-38-106, the amount required to cure under section 38-38-104, or the amount required to redeem under section 38-38-302;
(b) The accuracy of the legal description of property in a full or partial release of a deed of trust;
(c) The accuracy or completeness of a mailing list submitted to the officer; or
(d) The legal sufficiency of the description of the property contained in the notice of election and demand.
(2) Nothing in this article shall lessen or otherwise modify the immunities and protections extended by law to an officer or to a governmental entity with which an officer is associated.
(3) An officer shall not have responsibility or liability for unknown damage, debt, or liens when a third party seeks a judicial foreclosure and sale.
Source: L. 2006: Entire section added, p. 1477, § 32, effective January 1, 2008. L. 2009: (3) added, (HB 09-1207), ch. 164, p. 721, § 19, effective September 1.
Editor's note: The effective date for the enactment of this section by chapter 305, Session Laws of Colorado 2006, was changed from July 1, 2007, to January 1, 2008, by section 27 of chapter 404, Session Laws of Colorado 2007. (See L. 2007, p. 1849.)
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 38-38-702
What does Colorado Revised Statutes § 38-38-702 cover?
Section 38-38-702 ("Limitation of officer's liability.") 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 § 38-38-702?
A common citation format is "Colorado Revised Statutes § 38-38-702" (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 § 38-38-702 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.