Colorado Code § 38-39-101

Effect of deed of trust to private trustee - nature of obligation secured
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Any deed of trust that names any person other than a public trustee as trustee therein or that
secures an obligation other than an evidence of debt shall be deemed and taken to be a mortgage
for all purposes and foreclosed only as mortgages are foreclosed in and through the courts;
except that any deed of trust that names a public trustee as trustee therein and secures an
obligation other than an instrument evidencing a debt shall be released as provided in section 38-
39-102 (5).

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