Colorado § 38-39-209 - Mortgages to United States.

§ 38-39-209. Mortgages to United States.

(1) Any mortgage, deed of trust, or other instrument executed by a corporation organized under the provisions of articles 40, 55, and 56 of title 7, C.R.S., and given to secure any indebtedness to the United States, or any agency or instrumentality thereof, which affects real or personal property, or both, and which is recorded in the real property records in any county in which such property is located or is to be located shall have the same force and effect as if such instrument were also recorded, filed, or indexed as provided by law in the proper office in such county as a mortgage of personal property. All after-acquired real or personal property of such corporation, described or referred to as being mortgaged or pledged in any such instrument, shall become subject to the lien thereof immediately upon the acquisition of such property by such corporation, whether or not such property was in existence at the time of the execution of such instrument.

(2) Recordation of any such instrument shall constitute notice and otherwise have the same effect with respect to such after-acquired property as it has under the laws relating to recordation with respect to property owned by such corporation at the time of the execution of such instrument and therein described or referred to as being mortgaged or pledged thereby. The lien upon personal property of any such instrument shall, after recordation thereof, continue in existence and of record until the performance of the obligation secured thereby or the release or satisfaction thereof by the owner thereof.

Source: L. 90: Entire article R&RE, p. 1678, § 3, effective October 1. L. 96: (1) amended, p. 546, § 13, effective July 1.

Editor's note: This section is similar to former § 38-40-115, as it existed prior to 1990.

ARTICLE 40

Mortgage Brokers - Lenders

38-40-101. Mortgage broker fees - escrow accounts - unlawful act - penalty.

38-40-102. Disclosure of costs - statement of terms of indebtedness. (Repealed)

38-40-103. Servicing of mortgages and deeds of trust - liability for interest or late fees for property taxes.

38-40-103.5. Notice upon transfer of servicing rights - prior servicer's offer to borrower survives transfer - definitions.

38-40-104. Cause of action - attorney fees.

38-40-105. Prohibited acts by participants in certain mortgage loan transactions - unconscionable acts and practices - definitions.

38-40-106. Mortgage servicers - requirements concerning disbursement of insurance proceeds - disclosure of mortgage interest rate - retention of communications - definitions.