1. (1) No sooner than fifteen business days following a sale but no later than five business days following an officer's receipt of redemption money paid under section 38-38-302, the officer shall execute and record in each county where the property or a portion thereof is located a certificate of redemption containing:

   1. (a) The names of the original grantors of the deed of trust being foreclosed;
   2. (a.5) The name and address of the person redeeming;
   3. (b) The redemption amount paid;
   4. (c) The date of sale;
   5. (d) The description of the property redeemed; and
   6. (e) The public trustee's sale number or, in the case of a sale by the sheriff, the district court civil action number.
2. (2) The officer shall retain the recorded certificate of redemption in the officer's records.
3. (3) The failure of the officer to comply with the provisions of this section shall not affect the validity of the sale or the rights of the grantee of the confirmation deed.

Source: L. 90: Entire article R&RE, p. 1668, § 2, effective October 1. L. 2002: IP(1) amended, p. 1348, § 15, effective July 1. L. 2006: Entire section amended, p. 1473, § 25, effective January 1, 2008. L. 2009: (1)(a) amended and (1)(a.5) added, (HB 09-1207), ch. 164, p. 719, § 16, effective January 1, 2010.

Editor's note: (1) This section is similar to former § 38-39-104, as it existed prior to 1990.

(2) The effective date for amendments made to this section by chapter 305, Session Laws of Colorado 2006, was changed from July 1, 2007, to January 1, 2008, by section 27 of chapter 404, Session Laws of Colorado 2007. (See L. 2007, p. 1849.)