A consumer may not authorize any person to confess judgment on a claim arising out of a consumer credit transaction. An authorization in violation of this section is void.
Source: L. 2000: Entire article R&RE, p. 1220, § 1, effective July 1.
Authorization to confess judgment prohibited
Colo. Rev. Stat. § 5-3-207, under LIMITATIONS ON AGREEMENTS AND PRACTICES.
Colo. Rev. Stat. § 5-3-207