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In law, a default is the failure to do something required by law or to comply with a contractual obligation. Legal obligations can arise when a response or appearance is required in legal proceedings, after taking out a loan , or as agreed in a contract ; failure to carry them out puts one in defaults of the obligations.
The Judiciary of Colorado is established and authorized by Article VI of the Colorado Constitution as well as the law of Colorado.The various courts include the Colorado Supreme Court, Colorado Court of Appeals, Colorado district courts (for each of the 22 judicial districts), Colorado county courts (for each of Colorado's 64 counties), Colorado water courts, and municipal courts.
A mortgagee may foreclose either judicially or extrajudicially, as governed by Rule 68 of the 1997 Revised Rules of Civil Procedure and Act. No. 3135, respectively. A judicial foreclosure is done by filing a complaint in the Regional Trial Court of the place where the property is located. [47]
A notice of default is a public record stating that a borrower is in default on their loan. A lender or servicer files a default letter as the first step in the foreclosure process.
The Colorado Court of Appeals (Colo. App.) is the intermediate-level appellate court for the state of Colorado. It was initially established by statute in 1891 and was reestablished in its current form in 1970 [ 1 ] by the Colorado General Assembly under Article VI, Section 1 of the Constitution of Colorado .
The concept of default judgement appears in ancient China, including in Zheng Xuan's 2nd century CE commentary on the Rites of Zhou. [2] Regarding a requirement mentioned in the Rites of Zhou for disputants to bring a bundle of arrows to court, Zheng says that "Failure either to appear in court or to present a bundle of arrows should be tantamount to admission that one lacks a straight account ...
In landlord–tenant law, a notice to cure or quit is issued by a landlord when a tenant performs actions in violation of a lease. The notice gives a tenant the option of either fixing the offending problem or vacating the rental property. If the tenant continues performing the action(s) and does not move out, they can be evicted. [1]
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