Title 5, Consumer Credit Code

(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…

(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 …

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 …

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…

(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…

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 …

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.

(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 …

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…

(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 …

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…

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.

(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…

(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…

(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…

(1) Repealed. (1.5) On and after July 1, 2024, the state treasurer shall credit all fees collected under this article 6 to the consumer credit unit cash fund created in section 5-2-302 (11). (2) and (3) Repealed. (4) Notwithstanding subsection (1) of this section, the state treas…

(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…

(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…

This part 3 is repealed, effective September 1, 2032. Before the repeal, the council of advisors on consumer credit is scheduled for review in accordance with section 2-3-1203. Source: L. 2026: Entire section added, (HB 26-1426), ch. 334, p. 1982, § 4, effective August 12.