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  • Colorado Revised Statutes Mechanics Lien 2020

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§ 38-22-127(1). A contractor must exercise strict control of money received under a construction contract. These funds are held in trust for the subcontractors, subcontractors, and vendors who work on the project.

Lien claimants in Colorado must follow these steps to record a mechanics lien, before the deadline to file expires: Fill out the right Colorado mechanics lien form. ... Send a Notice of Intent to Lien to the property owner. ... File your lien claim with the Colorado county recorder.

38-46-103. Private construction contracts - retainage - conditions precedent. AS RETAINAGE MORE THAN FIVE PERCENT OF THE PRICE OF THE WORK COMPLETED UNDER THE CONTRACT OR SUBCONTRACT.

In effect since 1975, the Mechanics' Lien Trust Fund Statute mandates that all funds disbursed to a contractor must be held in trust for payment to subcontractors and suppliers on that project. The contractor cannot use those funds for any other use.

Timely File Your Lien: Your mechanics lien in Colorado must be filed within 4 months, or 120 days, of the last date you provided labor and materials for the project. However, if you did not provide materials and only provided labor, you only have 2 months from your last day of providing labor to file your lien.

The Colorado construction trust fund statute was enacted to impose penalties on anyone who uses construction project funds for any purpose other than paying the contractors and suppliers on the job. The statute classifies any project funds as money held in trust for the benefit of the subs and suppliers who earned it.

In Colorado, a mechanics lien expires within 6 months of the date the project was completed, or labor or materials were last furnished to the project; whichever is later. The lien claimant must file an action to enforce their lien claim before the deadline or the claim expires and is no longer enforceable.

The Colorado Construction Trust Fund falls under the Colorado Mechanic's Lien statute and requires contractors to set asides funds that they have received as payment for a project in to a trust. The trust fund monies will then be used to pay subcontractors, suppliers and laborers.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232