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0 chapters · 408 sections in this title.
Colo. Rev. Stat. § 5-3.1-101 Short title
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This article shall be known and may be cited as the "Deferred Deposit Loan Act". Source: L. 2000: Entire article added, p. 439, § 1, effective July 1.
Colo. Rev. Stat. § 5-3.1-101.5 Legislative declaration
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The people of this state find and declare that payday lenders are charging up to two hundred percent annually for payday loans and that excess charges on such loans can lead Colorado families into a debt trap of repeat borrowing. It is the intent of the people to lower the maximu…
Colo. Rev. Stat. § 5-3.1-102 Definitions
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As used in this article, unless the context otherwise requires: (1) "Administrator" means the administrator of the "Uniform Consumer Credit Code". (1.5) "Annual percentage rate" means an annual percentage rate as determined pursuant to section 107 of the federal "Truth in Lending…
Colo. Rev. Stat. § 5-3.1-103 Written agreement requirements
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Each deferred deposit loan transaction and renewal shall be documented by a written agreement signed by both the lender and consumer. The written agreement shall contain the name of the consumer; the transaction date; the amount of the instrument; the annual percentage rate charg…