Laws and Rules
The laws are available via Colorado Legal Services provided by LexisNexis, the Official Publisher of Colorado Revised Statutes.
- The Repossessor Bond law (section 4-9-629, C.R.S.) is available on the LexisNexis website (opens in new tab)
- The Repossessor Bond Rules (4 CCR 904-1) are available on the Colorado Secretary of State website (opens in new tab)
Repossessor Bond Registration
Under Colorado law (section 4-9-629, C.R.S.), any person who is retained by a secured party to recover or take possession of collateral upon default is required to be bonded for property damage to or conversion of such collateral in the amount of at least $50,000. Such bond shall be filed with and drawn in favor of the Colorado Attorney General.
To file a repossessor bond, send the following items to the Colorado Attorney General, Consumer Protection Section, 1300 Broadway, 9th Floor, Denver, Colorado 80203:
- Completed Application for Repossessor Bond (PDF) (including a current partnership agreement or a Certificate of Good Standing or Certificate of Authority from the Colorado Secretary of State, as appropriate);
- Original surety bond fully executed in the amount of at least $50,000 drawn in favor of the Colorado Attorney General – use Repossessor Surety Bond (PDF); and
- Non-refundable filing fee in the amount of $150, payable to the Colorado Department of Law.
Annual Renewal
A completed Notification of Continuing Bond (PDF) is due annually after the initial bond registration. Email notification is sent to the contact person provided on the application.