All advances made under a reverse mortgage and all interest on such advances shall have priority over any lien arising after recording an instrument evidencing the lien arising from such reverse mortgage with the clerk and recorder of the county where the real property securing such reverse mortgage is located.
Source: L. 92: Entire article added, p. 940, § 1, effective April 23.
Structure Colorado Code
Title 11 - Financial Institutions
Article 38 - Reverse Mortgages
§ 11-38-101. Legislative Declaration
§ 11-38-104. Intervening Liens
§ 11-38-105. Interest - Periodic Advances
§ 11-38-108. Inapplicability of Related Statutes
§ 11-38-109. Disclosure - Total Loan Cost
§ 11-38-110. Treatment of Reverse Mortgage Loan Proceeds by Public Benefit Programs