SB 25-025
signedAllowing Vehicle Mortgage Filings Any County
Plain-English Summary
AI-generatedSenate Bill 25-025 changes Colorado law so that lenders can now file a vehicle mortgage in any county of their choice, not just the one where the borrower lives or the car is located. This means lenders have more flexibility when filing mortgages for cars and other vehicles. The bill has been signed into law, which means it will take effect soon and affect how vehicle mortgages are handled across the state.
Official Summary
The bill removes the requirement that a first or junior mortgage holder has to file a mortgage on a motor or off-highway vehicle in the county in which the mortgagor resides or the vehicle is located to have the existence of the mortgage and the fact of its filing noted in the vehicle's certificate of title, and instead allows the mortgage holder to file the mortgage in any county in the state.(Note: This summary applies to this bill as introduced.)
Details
- Chamber
- Senate
- First action
- 2025-02-04
- Latest action
- 2025-01-08
- Last action desc.
- Introduced In Senate - Assigned to Finance
- OpenStates
- View source ↗
Related Legislation
This bill affects (27)
amendsHB 24-1269(2024A)· signedModification of Recording Fees
amendsHB 18-1299(2018A)· signedElectronic Filing Title Registration Motor Vehicle
amendsHB 22-1388(2022A)· signedVehicle Registration And Certificate Of Title
relatesHB 24B-1002(2024B)· signedPrimary Residence Real Property Valuation
relatesHB 17-1238(2017A)· signedRelocate Title 12 Credit Debt Services
relatesHB 22-1388(2022A)· signedVehicle Registration And Certificate Of Title
relatesHB 18-1299(2018A)· signedElectronic Filing Title Registration Motor Vehicle
relatesHB 17-1158(2017A)· signedCharitable Solicitations Regulation
relatesSB 17-132(2017A)· signedRevised Uniform Law On Notarial Acts
relatesHB 22-1295(2022A)· signedDepartment Early Childhood And Universal Preschool Program
relatesSB 24-008(2024A)· signedKinship Foster Care Homes
relatesHB 17-1105(2017A)· signedVehicle Titling And Registration Inspection Requirements
relatesHB 17-1239(2017A)· signedRelocate Title 12 Private Occupational Schools
relatesSB 18-030(2018A)· signedRelocate Auto Industry Division To Title 44
relatesHB 23-1261(2023A)· signedNo Requirement For Selective Service Higher Education
relatesHB 17-1107(2017A)· signedDivision Of Motor Vehicles Colorado Driver's License Record Identification And Vehicle Enterprise System
relatesSB 22-123(2022A)· signedLate Vehicle Titling And Registration Penalties
relatesHB 22-1254(2022A)· signedVehicle Taxes And Fees Late Registration
relatesSB 18-015(2018A)· signedProtecting Homeowners And Deployed Military
relatesSB 24-025(2024A)· signedUpdate Local Government Sales & UseTax Collection
relatesSB 24-111(2024A)· signedSenior Primary Residence Prop Tax Reduction
relatesSB 18-139(2018A)· signedStatewide Regulation Of Products With Nicotine
relatesHB 22-1033(2022A)· signedConstitutional Carry Of A Handgun
relatesSB 23-303(2023A)· signedReduce Property Taxes And Voter-approved Revenue Change
Affected by (9)
relatesHB 26-1212(2026A)· failedConstitutional Carry of Handgun
relatesHB 26-1426(2026A)· signedDepartment of Law Legislative Report
relatesHB 26-1041(2026A)· signedElectronic Vehicle Records
relatesHB 25-1164(2025A)· signedConstitutional Carry of Handgun
relatesSB 25-003(2025A)· signedSemiautomatic Firearms & Rapid-Fire Devices
relatesSB 25-158(2025A)· signedState Agency Procurement & Disposal Certain Items
relatesHB 25-1195(2025A)· signedFirst Responder Voter Registration Record Confidentiality
relatesHB 26-1425(2026A)· signedApplied Behavior Analysis Services