38-12-207. Security deposits - legal process. (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.