C.R.S. Section 38-24.7-107
Acknowledgment of satisfaction of lien

  • penalty
Whenever the indebtedness giving rise to a lien under this article is paid and satisfied, the lienor has the duty to acknowledge satisfaction of the indebtedness and to discharge the lien of record. If any lienor fails to acknowledge satisfaction and discharge of the lien within thirty days after being requested to do so by a person having a property interest in the assets and property of the retailer or other commercial user, including the stock in trade, business fixtures, and equipment owned or used by the retailer or other commercial user in the conduct of the retailer’s or other commercial user’s business, the lienor is liable to any person injured in the amount of the injury and the costs of the action.

Source: Section 38-24.7-107 — Acknowledgment of satisfaction of lien - penalty, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-38.­pdf (accessed May 26, 2025).

Current through Fall 2025

§ 38-24.7-107. Acknowledgment of satisfaction of lien's source at colorado​.gov