Bill > SB025

This bill modifies Colorado's vehicle mortgage filing regulations by removing the current requirement that mortgages on motor or off-highway vehicles must be filed in the county where the vehicle owner resides or where the vehicle is located. Instead, the bill allows mortgage holders to file vehicle mortgages in any county within the state. The changes apply to both first and junior mortgages, and will impact how vehicle titles are processed. Specifically, the bill amends several sections of Colorado Revised Statutes to replace language that restricts mortgage filings to a specific county with more flexible language permitting filing in any county in the state. The bill uses consistent terminology, replacing words like "shall" with "must" and making technical modifications to ensure clarity. The legislation aims to provide more convenience for mortgage holders by eliminating geographic restrictions on vehicle mortgage filings. The bill will take effect after the standard 90-day period following the general assembly's final adjournment, with a provision for potential referendum, and would require voter approval in November 2026 if a referendum petition is filed.

Budget and Finance

https://leg.colorado.gov/bills/sb25-025