C.R.S. Section 38-38-702
Limitation of officer’s liability


(1)

An officer shall not have responsibility or liability for determining:

(a)

The amount or reasonableness of a bid at a sale under section 38-38-106, the amount required to cure under section 38-38-104, or the amount required to redeem under section 38-38-302;

(b)

The accuracy of the legal description of property in a full or partial release of a deed of trust;

(c)

The accuracy or completeness of a mailing list submitted to the officer; or

(d)

The legal sufficiency of the description of the property contained in the notice of election and demand.

(2)

Nothing in this article shall lessen or otherwise modify the immunities and protections extended by law to an officer or to a governmental entity with which an officer is associated.

(3)

An officer shall not have responsibility or liability for unknown damage, debt, or liens when a third party seeks a judicial foreclosure and sale.

Source: Section 38-38-702 — Limitation of officer’s liability, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-38.­pdf (accessed Oct. 20, 2023).

38‑38‑100.3
Definitions
38‑38‑101
Holder of evidence of debt may elect to foreclose
38‑38‑102
Recording notice of election and demand - record of sale
38‑38‑102.5
Notice prior to residential foreclosure - hotline
38‑38‑103
Combined notice - publication - providing information
38‑38‑103.1
Single point of contact - servicer to designate - duties - exemption
38‑38‑103.2
Dual tracking prohibited - notice to officer - continuation of sale pending inquiry
38‑38‑104
Right to cure when default is nonpayment - right to cure for certain technical defaults
38‑38‑105
Court order authorizing sale mandatory - notice of hearing for residential properties - definition
38‑38‑106
Bid required - form of bid
38‑38‑107
Fees and costs - definitions
38‑38‑108
Date of sale
38‑38‑109
Continuance of sale - effect of bankruptcy - withdrawal of sale
38‑38‑110
Sales by officer - location - announcement - records - electronic devices - definitions
38‑38‑111
Treatment of an overbid - agreements to assist in recovery of overbid prohibited - penalty - definition
38‑38‑112
Use of electronic documents authorized
38‑38‑113
Rescission of public trustee sale
38‑38‑114
Unclaimed refunds - disposition under “Revised Uniform Unclaimed Property Act”
38‑38‑201
Foreclosure of installments without acceleration
38‑38‑301
Holder of certificate of purchase paying charges - redemption
38‑38‑302
Redemption by lienor - procedure
38‑38‑304
Effect of redemption
38‑38‑305
Lessee, easement holder, and installment land contract vendor considered as lienors - installment land contract vendee considered as an owner
38‑38‑306
Rights of other lienors to redeem - definition
38‑38‑401
Certificate of purchase - issuance
38‑38‑401.5
Certificate - priority of lien
38‑38‑402
Certificate of redemption - issuance
38‑38‑403
Certificates assignable
38‑38‑405
Certificate as prima facie evidence
38‑38‑501
Title vests upon expiration of redemption periods - confirmation deed
38‑38‑502
Form of confirmation deed for public trustee’s sale
38‑38‑503
Form of confirmation deed for sheriff’s sale
38‑38‑504
Deed evidence of compliance
38‑38‑505
Effect of foreclosures as to certain classes of persons
38‑38‑506
Omitted parties - definitions
38‑38‑601
Receiver appointed upon application
38‑38‑602
Appointment of receiver to prevent waste
38‑38‑701
Application - use of term “foreclosure”
38‑38‑702
Limitation of officer’s liability
38‑38‑703
No waiver of or agreement to shorten right to cure
38‑38‑704
Providing information to homeowner and public
38‑38‑705
Curative provisions
Green check means up to date. Up to date

Current through Fall 2024

§ 38-38-702’s source at colorado​.gov