C.R.S. § 39-11.5-401: Certificate of option for a treasurer's deed - issuance - priority.

(1) No later than three business days from the date of a public auction, a treasurer shall execute and record in each county where a property or a portion thereof is located a certificate of option for a treasurer's deed containing:

(a) The names of the property owner;

(b) The description of the property;

(c) The sum paid for the property;

(d) The name and mailing address of the purchaser;

(e) A statement that the purchaser or assignee of the certificate of option for a treasurer's deed is entitled to a treasurer's deed at the expiration of the repurchase period provided under part 3 of this article 11.5 unless a repurchase is made;

(f) The treasurer's deed number;

(g) The date of the public auction; and

(h) An attached exhibit that is a copy of the mailing list created for the public auction pursuant to section 39-11.5-105 and any amendment to that mailing list, which exhibit must be recorded with the certificate of option for treasurer's deed.

(2) The failure of a treasurer to comply with this section does not affect the validity of a public auction or vesting of title in the name of the holder of the certificate of option for a treasurer's deed or certificate of repurchase.

(3) The lien represented by a certificate of option for a treasurer's deed has the same priority as the certificate of purchase sold at a tax lien sale.