Colo. Rev. Stat. § 38-12-207
Security deposits - legal process.
Effective Jun 30, 2020L. 73: p. 642, § 1. C.R.S. 1963: § 58-2-7. L. 81: (1) R&RE, p. 1815, § 5, effective June 9. L. 2020: (1) amended and (3) added, (HB 20-1196), ch. 195, p. 917, § 5, effective June 30.
- (1) The owner of a mobile home park or the owner's agents may charge a security deposit in an amount not greater than one month's rent.
- (2) Legal process, other than eviction, shall be used for the collection of utility charges and incidental service charges other than those provided by the rental agreement.
- (3) A security deposit remains the property of the home owner, and a landlord shall deposit each security deposit into a separate trust account to be administered by the landlord as a private trustee. For the purpose of preserving the corpus, the landlord shall not commingle the trust funds with other money; however, the landlord may keep the interest and profits earned from the corpus as compensation for administering the trust account.
Source: L. 73: p. 642, § 1. C.R.S. 1963: § 58-2-7. L. 81: (1) R&RE, p. 1815, § 5, effective June 9. L. 2020: (1) amended and (3) added, (HB 20-1196), ch. 195, p. 917, § 5, effective June 30.