Colorado § 42-6-123 - Disposition after mortgaging.
Full text of Colorado Colorado Revised Statutes § 42-6-123 — Disposition after mortgaging., with citation guidance and answers to common questions.
§ 42-6-123. Disposition after mortgaging.
After a mortgage on a motor or off-highway vehicle has been filed in the authorized agent's office, the authorized agent shall mail, deliver, or electronically transfer to the director the certificate of title or other evidence of ownership satisfactory to the director as specified in rules adopted under section 42-6-104 that the authorized agent has filed in the record. The director shall maintain completed electronic records transferred by the authorized agent. The director shall issue a new certificate of title containing, in addition to the other matters required to be set forth in certificates of title, a description of the mortgage and all information respecting the mortgage and the filing of the mortgage that appear in the certificate of the authorized agent, and the director or the director's authorized agent shall then dispose of the new certificate of title containing the notation as provided in section 42-6-124. When a motor or off-highway vehicle is subject to an electronic mortgage or lien, the certificate of title for the motor or off-highway vehicle is considered to be physically held by the mortgagee or lienholder for all legal purposes, including compliance with state or federal odometer disclosure requirements.
Source: L. 94: Entire title amended with relocations, p. 2459, § 1, effective January 1, 1995. L. 2000: Entire section amended, p. 1664, § 17, effective July 1, 2001. L. 2013: Entire section amended, (HB 13-1289), ch. 380, p. 2225, § 5, effective June 5; entire section amended, (SB 13-280), ch. 407, pp. 2387, 2397, §§ 19, 42, effective June 5.
Editor's note: (1) This section is similar to former § 42-6-122 as it existed prior to 1994, and the former § 42-6-123 was relocated to § 42-6-124.
(2) Amendments to this section by sections 19 and 42 of Senate Bill 13-280 were harmonized.
Cross references: For the legislative declaration in the 2013 act amending this section, see section 1 of chapter 380, Session Laws of Colorado 2013.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 42-6-123
What does Colorado Revised Statutes § 42-6-123 cover?
Section 42-6-123 ("Disposition after mortgaging.") 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 § 42-6-123?
A common citation format is "Colorado Revised Statutes § 42-6-123" (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 § 42-6-123 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.