Update 1982-real Estate Legislation

Publication year1982
Pages2997
CitationVol. 11 No. 12 Pg. 2997
11 Colo.Law. 2997
Colorado Lawyer
1982.

1982, December, Pg. 2997. Update 1982-Real Estate Legislation




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Vol. 11, No. 12, Pg. 2997

Update 1982---Real Estate Legislation
by James M. Mulligan and Thomas L. Gotfredson

The past legislative session was a quiet one in the real estate field. This was due primarily to the fact that the Governor's Call was relatively sparse with respect to real estate matters. Some bills never made it to Committee and others were defeated on their way through either the House or Senate. Only a few bills made it to the Governor's desk.

Those bills which did not make it to the Governor's desk touched upon such subjects as the Uniform Consumer Credit Code ("UCCC"); increase in interest rate upon assumption of an indebtedness secured by real estate on account of the sale or transfer; notification for commercial, industrial or residential tenants of a multiple unit dwelling being converted into a condominium; re-establishment of an abstractor Board of Examiners; classification of manufactured homes as estates above the surface; special district employee housing; and warranties of habitability with respect to the landlord-tenant relationship.

The following bills were passed.


Senate Bill 27

Senate Bill 27---Concerning Mobile Homes, and Relating to Certificates of Title and Changes in Location. The Bill first places a mobile home under the protection of the homestead exemption. The word "house" as used in the homestead exemption shall be deemed to include mobile homes. The Bill then expands the definition of "taxpaying elector" or "qualified taxpaying elector" to include owners of mobile homes for the purpose of voting rights and petitions. Next, the Bill provides for a Certificate of Title for mobile homes in the same fashion as motor vehicle Certificates of Title.

In applying for the Certificate of Title, the applicant must provide proof of the fact that no property taxes for previous years are due on the mobile home. The proof shall be a Certificate of Taxes issued by the County Treasurer of the county in which the mobile home is located. The Certificate of Title must be procured in the county in which the mobile home is used as a residence.

Filing requirements are mandated when a mobile home is moved from one county to another. A mobile home located on leased land and sold in satisfaction of a debt may be redeemed within one year. If the mobile home is located on property owned by the mobile home owner, then a three-year




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redemption period applies. The Bill was signed into law April 15, 1982. Sponsor: Senator Fowler.


Senate Bill 28

Senate Bill 28---Concerning...

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