Colorado Commission on Uniform State Laws. The bill enacts the 'Uniform Mortgage Modification Act', drafted by the Uniform Law Commission. The bill provides that, in the event that a mortgage is modified:The mortgage continues to secure the obligation as modified;The modification does not affect the priority of the mortgage;A mortgage retains its priority regardless of whether a modification agreement is recorded; andThe modification is not a novation.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)