Refunds and penalties as set-off to obligation

Colo. Rev. Stat. § 5-5-205, under Consumer Credit Code.

Colo. Rev. Stat. § 5-5-205

Refunds or penalties to which the consumer is entitled pursuant to this part 2 may be set off against the consumer obligation and may be raised as a defense to a suit on the obligation without regard to the time limitations prescribed by said sections.

Source: L. 2000: Entire article R&RE, p. 1243, � 1, effective July 1.

Editor's note: This section is similar to former � 5-5-205, as it existed prior to 2000.