Colorado Code
Article 9.5 - Central Filing of Effective Financing Statements
§ 4-9.5-111. Penalties

Any debtor or third party who provides any false or misleading information concerning the name of the owner of any farm products or the existence of any security interest affecting farm products with the intent to deprive the secured party of any of his or her security under the security interest or to defraud or mislead the buyer of any farm product as to the existence of the security interest or fails to pay to the secured party any moneys realized out of the sale of collateral in violation of any security agreement and with the intent to deprive the secured party of such party's rights thereto, or makes a filing subject to section 4-9.5-108 (3) that is not signed, authorized, or otherwise authenticated by the secured party as required by section 4-9.5-108 (3), shall be deemed to have violated section 18-5-206, C.R.S., and shall be subject to the penalties described in said section. Any penalty so collected shall be transmitted to the state treasurer, who shall credit the same to the department of state cash fund created in section 24-21-104 (3), C.R.S.
Source: L. 88: Entire article added, p. 332, § 1, effective May 29. L. 97: Entire section amended, p. 552, § 12, effective April 24. L. 2003: Entire section amended, p. 1673, § 7, effective July 1. L. 2004: Entire section amended, p. 1173, § 5, effective July 1.

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