Ba
llot History
Year:
1980
Ballot Number:
4
Short Title:
Ballot Title:
Shall Article XVIII of the Constitution of the State of Colorado, be amended to provide that in order that all persons shall have the right to sell or transfer their real estate or any interest therein subject to existing financing, no person or lending institution with a security interest in the real estate shall accelerate or mature the indebtedness secured by such real estate or alter the terms and conditions of the indebtedness or security interest because of such sale or transfer, so long as the original debtor remains directly responsible for the indebtedness and the security for the indebtedness is not substantially impaired by the sale or transfer?
Election Results:
Rejected
Votes For
:
381,821
(
33.9%
)
Votes Against:
745,625
(
66.1%
)
Type of Change:
Constitutional
Initiative/Referendum:
Initiative
Bill/Resolution #:
Election Results - SOS:
Categories: