Title 5, Consumer Credit Code
0 chapters · 368 sections in this title.
Colo. Rev. Stat. § 5-6-101 Short title
0.3K chars
This article shall be known and may be cited as Uniform Consumer Credit Code - Administration. Source: L. 2000: Entire article R&RE, p. 1244, � 1, effective July 1. Editor's note: This section is similar to former � 5-6-101, as it existed prior to 2000.
Colo. Rev. Stat. § 5-6-102 Applicability
0.5K chars
(1) This part 1 applies to persons who in this state: (a) Make or solicit consumer credit transactions; or (b) Directly collect payments from or enforce rights against consumers arising from sales, leases, or loans specified in paragraph (a) of this subsection (1) wherever they a…
Colo. Rev. Stat. § 5-6-103 Definitions - administrator
7.2K chars
Administrator means the assistant attorney general to be designated by the attorney general. Any district attorney may, with the consent of the administrator, exercise the powers and perform the duties of the administrator as provided in section 5-6-104 (1)(a) and (1)(b) and sect…
Colo. Rev. Stat. § 5-6-104 Powers of administrator - harmony with federal regulations - reliance on rules
6.5K chars
(1) In addition to other powers granted by this code, the administrator, within the limitations provided by law, may: (a) Receive and act on complaints, take action designed to obtain voluntary compliance with this code, or commence proceedings on his or her own initiative; (b) C…
Colo. Rev. Stat. § 5-6-105 Administrative powers with respect to supervised financial organizations
1.5K chars
(1) With respect to supervised financial organizations, the powers of examination and investigation described in sections 5-2-305 and 5-6-106 and administrative enforcement described in section 5-6-108 shall be exercised by the official or agency to whose supervision the organiza…
Colo. Rev. Stat. § 5-6-106 Investigatory powers
2.2K chars
(1) If the administrator has reasonable cause to believe that a person has engaged in an act that is subject to action by the administrator, the administrator may make an investigation to determine if the act has been committed, and, to the extent necessary for this purpose, may …
Colo. Rev. Stat. § 5-6-107 Application of administrative procedures - provisions
0.5K chars
Except as otherwise provided, the provisions of sections 24-4-102 to 24-4-106, C.R.S., apply to and govern all rules promulgated and all administrative action taken by the administrator pursuant to this article or the provisions on supervised loans contained in part 3 of article …
Colo. Rev. Stat. § 5-6-108 Judicial review
0.4K chars
Any person aggrieved by any final action or order of the administrator and affected thereby is entitled to a review thereof by the Colorado court of appeals by appropriate proceedings under section 24-4-106 (11), C.R.S. Source: L. 2000: Entire article R&RE, p. 1247, � 1, effectiv…
Colo. Rev. Stat. § 5-6-109 Administrative enforcement orders
1.3K chars
(1) After notice and hearing, the administrator may order a creditor or a person acting in the creditor's behalf to cease and desist from engaging in violations of this code or any rule or order lawfully made pursuant to this code. The order issued by the administrator may also r…
Colo. Rev. Stat. § 5-6-110 Assurance of discontinuance
1.0K chars
If it is claimed that a person has engaged in conduct subject to an order by the administrator described in section 5-6-108 or by a court described in sections 5-6-111 to 5-6-113, the administrator may accept an assurance in writing that the person will not engage in the conduct …
Colo. Rev. Stat. § 5-6-111 Injunctions against violations of code
4.7K chars
The administrator may bring a civil action to restrain a person from violating this code or rules or regulations promulgated thereunder and for other appropriate relief. Source: L. 2000: Entire article R&RE, p. 1248, � 1, effective July 1. Editor's note: This section is similar t…
Colo. Rev. Stat. § 5-6-112 Injunctions against unconscionable agreements and fraudulent or unconscionable conduct
7.2K chars
(1) The administrator may bring a civil action to restrain a creditor or a person acting in the creditor’s behalf from engaging in a course of: (a) Making or enforcing unconscionable terms or provisions of consumer credit transactions; (b) Fraudulent or unconscionable conduct in …
Colo. Rev. Stat. § 5-6-113 Temporary relief
1.2K chars
With respect to an action brought to enjoin violations of this code under section 5-6-111 or unconscionable agreements or fraudulent or unconscionable conduct under section 5-6-112, the administrator may apply to the court for a temporary restraining order or a preliminary injunc…
Colo. Rev. Stat. § 5-6-114 Civil actions by administrator
3.8K chars
(1) (a) The administrator may bring a civil action against a creditor for making or collecting charges in excess of those permitted by this code, violating any of the provisions of this code applying to limitations on the schedule of payments or loan term for supervised loans or …
Colo. Rev. Stat. § 5-6-115 Jury trial
0.4K chars
In an action brought by the administrator under this code, the administrator has no right to trial by jury, but this will not prevent a defendant from requesting a jury trial under the Colorado rules of civil procedure. Source: L. 2000: Entire article R&RE, p. 1252, � 1, effectiv…
Colo. Rev. Stat. § 5-6-116 Consumers' remedies not affected
0.3K chars
The grant of powers to the administrator in this article does not affect remedies available to consumers under this code or under other principles of law or equity. Source: L. 2000: Entire article R&RE, p. 1252, � 1, effective July 1. Editor's note: This section is similar to for…
Colo. Rev. Stat. § 5-6-201 Applicability
1.1K chars
(1) Except as provided in subsections (2) and (3) of this section, this part 2 applies if a person: (a) Makes consumer credit sales and charges or collects a finance charge, or makes consumer leases; or (b) Takes assignments of and undertakes direct collection of payments from, o…
Colo. Rev. Stat. § 5-6-202 Notification
1.5K chars
(1) Persons subject to this part 2 shall file notification with, and pay the fee prescribed in section 5-6-203 to, the administrator within thirty days after commencing business in this state and, thereafter, on or before July 1 of each year. The notification must state: (a) Name…
Colo. Rev. Stat. § 5-6-203 Fees - repeal
3.0K chars
(1) (a) A person required to file notification shall, with the first notification on or before July 1, 2024, and on or before July 1 each year thereafter, pay to the administrator a nonrefundable annual notification fee. The administrator may examine the loans, business, and reco…
Colo. Rev. Stat. § 5-6-204 Cash fund created - definition - repeal
2.3K chars
(1) (a) All fees collected under this code and under article 10 of this title 5 prior to July 1, 2024, shall be credited to the uniform consumer credit code cash fund, which is created and referred to in this section as the fund, and all money credited to the fund shall be used f…
Colo. Rev. Stat. § 5-6-301 Council of advisors on consumer credit
1.0K chars
(1) There is hereby created the council of advisors on consumer credit consisting of nine members who shall be appointed by the governor. One of the advisors shall be designated by the governor as chairperson. In appointing members of the council, the governor shall seek to achie…
Colo. Rev. Stat. § 5-6-302 Function of council - conflict of interest
1.5K chars
(1) The council shall advise and consult with the administrator concerning the exercise of the administrator's powers under this code and may make recommendations to the administrator. Members of the council may assist the administrator in obtaining compliance with this code. Sin…