Violation

Colo. Rev. Stat. § 11-49-109, under Financial Institutions.

Colo. Rev. Stat. § 11-49-109

A person acting in the capacity of a provider or CBCC provider who enters into a life care contract or CBCC contract, or extends the term of an existing life care contract or CBCC contract, without acting in compliance with this article 49 commits a class 2 misdemeanor.

Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 573, � 1, effective August 9. L. 2021: Entire section amended, (SB 21-271), ch. 462, p. 3152, � 129, effective March 1, 2022. L. 2025: Entire section amended, (HB 25-1184), ch. 210, p. 948, � 6, effective August 6.

Editor's note: This section is similar to former � 12-13-112 as it existed prior to 2017.

Cross references: For the penalty for a class 2 misdemeanor, see � 18-1.3-501.

11-49-110. Article does not apply to facilities licensed by department of public health and environment. The provisions of this article 49 shall not apply to any hospital or other facility that the department of public health and environment is authorized to license pursuant to part 1 of article 1.5 and part 1 of article 3 of title 25; except that nursing care facilities, assisted living residences, and home health agencies that are part of the facility of a provider as defined in section 11-49-101 are subject to the provisions of this article 49.

Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 573, � 1, effective August 9. L. 2025: Entire section amended, (HB 25-1184), ch. 210, p. 948, � 7, effective August 6.

Editor's note: This section is similar to former � 12-13-113 as it existed prior to 2017.