Colorado Revised Statute section 38-22-126 requires lenders who have agreed to make any loan to a contractor to file notice of the disbursement prior to the first disbursement.
Colorado Disburser's Notice - Corporation
Category:
State:
Colorado
Control #:
CO-21A-09
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Word;
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How to fill out Colorado Disburser's Notice - Corporation?
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FAQ
File your lien claim with the Colorado county recorder Deliver your completed lien form to the recorder's office in the Colorado county where the property is located, and pay the filing fee. You will also need to include an Affidavit of Service, affirming the delivery of the notice of intent.
To attach the lien, the creditor must file the judgment with the county recorder in any Colorado county where the debtor owns property now or may own property in the future.
A Colorado mechanics lien is a document that is filed with a local clerk's office to notify owners and potential owners of a specific property that someone is owed money for work they performed or materials they provided on a construction project.(Lien Statute)).
Colorado requires all potential lien claimants to serve a Notice of Intent to Lien on the property owner 10 days before filing. General contractors, subcontractors, suppliers, and most others must file a Colorado mechanics lien within 4 months after last providing services or materials.
File your lien claim with the Colorado county recorder Deliver your completed lien form to the recorder's office in the Colorado county where the property is located, and pay the filing fee. You will also need to include an Affidavit of Service, affirming the delivery of the notice of intent.
Colorado Revised Statutes §38-22-126 (Disburser notice duty of owner and disburser) outlines that a Lender or any other party (that means Owners and General Contractors!)If the Disburser fails to fulfill that duty, the Disburser becomes directly liable for any losses incurred by that claimant by statute.
A judgment lien in Colorado will remain attached to the debtor's property (even if the property changes hands) for six years.
How Can You Remove a Spurious Lien or Document? In Colorado, a party can attack a spurious lien or document by filing a petition in the district court in which the lien or document is recorded. C.R.C.P. 105.1.