Title 5, Consumer Credit Code
0 chapters · 368 sections in this title.
Colo. Rev. Stat. § 5-1-101 Short title
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Articles 1 to 9 of this title shall be known and may be cited as the Uniform Consumer Credit Code, referred to in said articles as the code. Source: L. 2000: Entire article R&RE, p. 1178, � 1, effective July 1. Editor's note: This section is similar to former � 5-1-101, as it exi…
Colo. Rev. Stat. § 5-1-102 Purposes - rules of construction
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(1) This code shall be liberally construed and applied to promote its underlying purposes and policies. (2) The underlying purposes and policies of this code are: (a) To simplify, clarify, and modernize the law governing retail installment sales, consumer credit, small loans, and…
Colo. Rev. Stat. § 5-1-103 Supplementary general principles of law applicable
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Unless displaced by the particular provisions of this code, the Uniform Commercial Code and the principles of law and equity, including the law relative to capacity to contract, principal and agent, estoppel, fraud, misrepresentation, duress, coercion, mistake, bankruptcy, or oth…
Colo. Rev. Stat. § 5-1-104 Construction against implicit repeal
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This code being a general act intended as a unified coverage of its subject matter, no part of it is deemed to be impliedly repealed by subsequent legislation if such construction can reasonably be avoided. Source: L. 2000: Entire article R&RE, p. 1179, � 1 effective July 1. Edit…
Colo. Rev. Stat. § 5-1-105 Severability clause
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If any provision of this code or the application thereof to any person or circumstances is held invalid, such invalidity shall not affect other provisions or applications of this code which can be given effect without the invalid provision or application, and to this end the prov…
Colo. Rev. Stat. § 5-1-106 Waiver - agreement to forego rights - settlement of claims
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(1) Except as otherwise provided in this code, a consumer may not waive or agree to forego rights or benefits under this code. (2) A claim by a consumer against a creditor for an excess charge, other violation of this code, or civil penalty, or a claim against a consumer for defa…
Colo. Rev. Stat. § 5-1-107 Effect of code on powers of organizations
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(1) This code prescribes maximum charges for all creditors extending consumer credit except lessors and those excluded in sections 5-1-202 and 5-2-213 and displaces existing limitations on the powers of those creditors based on maximum charges. (2) With respect to sellers of good…
Colo. Rev. Stat. § 5-1-201 Territorial application - definitions
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(1) Except as otherwise provided in this section, this code applies to consumer credit transactions made in this state and to modifications, including refinancing, consolidations, and deferrals, made in this state, of consumer credit transactions, wherever made. For purposes of t…
Colo. Rev. Stat. § 5-1-202 Exclusions
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(1) This code does not apply to: (a) Extensions of credit to government or governmental agencies or instrumentalities; (b) Except as otherwise provided in article 4 of this title, the sale of insurance if there is no legal obligation to pay installments of the premium and the ins…
Colo. Rev. Stat. § 5-1-203 Jurisdiction and service of process
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(1) The court of record of any judicial district in this state may exercise jurisdiction over any creditor with respect to any conduct in this state governed by this code or with respect to any claim arising from a transaction subject to this code. In addition to any other method…
Colo. Rev. Stat. § 5-1-301 General definitions
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In addition to definitions appearing in subsequent articles, as used in this code, unless the context otherwise requires: (1) Actuarial method means the method, defined by rules promulgated by the administrator in accordance with article 4 of title 24, C.R.S., of allocating payme…
Colo. Rev. Stat. § 5-1-302 Definitions - federal “Truth in Lending Act” and federal “Consumer Leasing Act”
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In this code, federal “Truth in Lending Act”, 15 U.S.C. sec. 1601 et seq., and federal “Consumer Leasing Act”, 15 U.S.C. sec. 1667 et seq., mean chapters of the “Consumer Credit Protection Act” (Public Law 90-321; 82 Stat. 146), as amended from time to time, and include regulatio…
Colo. Rev. Stat. § 5-1-303 Index of definitions in code
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Definitions in this code and the sections in which they appear are: Actuarial methodsection 5-1-301 (1) Administratorsections 5-1-301 (2) and 5-6-103 Agreementsection 5-1-301 (3) Agricultural purposesection 5-1-301 (4) Amount financedsection 5-1-301 (5) Business daysection 5-1-30…