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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) If a mortgagee, lienholder, or the mortgagee's or lienholder's assignee or the agent of either repossesses a motor or off-highway vehicle because of default in the terms of a secured debt, the repossessor shall notify, either orally or in writing, a law enforcement agency, as provided in this section, of the repossession, the name of the owner, the name of the repossessor, and the name of the mortgagee, lienholder, or assignee. The notification must be made at least one hour before, if possible, and in any event no later than one hour after, the repossession occurs. If the repossession takes place in an incorporated city or town, the repossessor shall notify the police department, town marshal, or other local law enforcement agency of the city or town. If the repossession takes place in the unincorporated area of a county, the repossessor shall notify the county sheriff.
(2) A repossessor who violates subsection (1) of this section commits a petty offense.
(3) If a motor or off-highway vehicle being repossessed is subject to the “Uniform Commercial Code--Secured Transactions”, article 9 of title 4, C.R.S., the repossession is governed by section 4-9-629, C.R.S.
(4) As used in this section, the term “repossessor” means the party who physically takes possession of the motor or off-highway vehicle and drives, tows, or transports the vehicle for delivery to the mortgagee, lienholder, or assignee or the agent of the mortgagee, lienholder, or assignee.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 42. Vehicles and Traffic § 42-6-146. Repossession of motor vehicle or off-highway vehicle--owner must notify law enforcement agency--definition--penalty - last updated January 01, 2025 | https://codes.findlaw.com/co/title-42-vehicles-and-traffic/co-rev-st-sect-42-6-146/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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