Colo. Rev. Stat. § 38-39-101

Current through Chapter 123 of the 2024 Legislative Session

Section 38-39-101 - Effect of deed of trust to private trustee - nature of obligation secured

Any deed of trust that names any person other than a public trustee as trustee therein or that secures an obligation other than an evidence of debt shall be deemed and taken to be a mortgage for all purposes and foreclosed only as mortgages are foreclosed in and through the courts; except that any deed of trust that names a public trustee as trustee therein and secures an obligation other than an instrument evidencing a debt shall be released as provided in section 38-39-102(5).

C.R.S. § 38-39-101

L. 90: Entire article R&RE, p. 1675, § 3, effective October 1.

This section is similar to former § 38-37-101, as it existed prior to 1990.