Restriction on liability in consumer lease

Colo. Rev. Stat. § 5-3-301, under Consumer Credit Code.

Colo. Rev. Stat. § 5-3-301

The obligation of a lessee upon expiration of a consumer lease, may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

Source: L. 2000: Entire article R&RE, p. 1221, � 1, effective July 1.

Editor's note: This section is similar to former � 5-2-406, as it existed prior to 2000.