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Uniform Mortgage Modification Act

Concerning mortgage modifications, and, in connection therewith, enacting the "Uniform Mortgage Modification Act".

HB26-1089 2026 Regular Session Signed into Law Financial Services & Commerce Housing

Cost estimates

At the first note read
$0
FACT February 10, 2026
At the last note read
$0
FACT June 18, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: No appropriation is required.

Bill summary

     The act enacts the 'Uniform Mortgage Modification Act', drafted by the Uniform Law Commission. The act provides that, in the event that a mortgage is modified:

  • The mortgage continues to secure the obligation as modified;
  • The modification does not affect the priority of the mortgage;
  • A mortgage retains its priority regardless of whether a modification agreement is recorded; and
  • The modification is not a novation.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)