Colorado Manufactured Home Title Bond

ColoradoIn Colorado state, a new bill was added relating to title certificates for manufactured homes. Named SB 40, the new bill provides for restricted waivers of the surety bond required in association with acquiring the certificate of title for a manufactured home. The present law states that a surety bond must be obtained when the client applying for the certificate is deficient in proof of ownership for the home. SB 40 provides for a waiver of the surety bond prerequisite when the home is at least 25 years old, the applicant displays evidence that no property taxes are outstanding, the applicant has the residence examined for its identification and all other obligatory documents for the application are submitted.