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Colo. Rev. Stat. § 5-9.3-101 Definitions
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As used in this article 9.3, unless the context otherwise requires: (1) "Consumer finance agreement" or "finance agreement" means a retail installment sales contract or consumer credit transaction, other than a consumer lease, for the purchase or refinance of a motor vehicle. (2)…
Colo. Rev. Stat. § 5-9.3-102 Applicability
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(1) This article 9.3 applies to every creditor, whether the creditor is an assignee or holder of a finance agreement that includes a GAP agreement. A creditor, assignee, or holder does not have any subrogation rights against the consumer. (2) This article 9.3 does not apply to a …
Colo. Rev. Stat. § 5-9.3-103 Guaranteed asset protection agreement requirements - application
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(1) A creditor may offer, sell, provide, or administer a guaranteed asset protection agreement in connection with a consumer finance agreement only if the creditor and the guaranteed asset protection agreement comply fully with this article 9.3 and meet all of the following condi…
Colo. Rev. Stat. § 5-9.3-104 Guaranteed asset protection fees
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(1) (a) The maximum GAP fee that a creditor may charge for a GAP agreement must not exceed four percent of the total amount financed in the finance agreement, or six hundred dollars, whichever amount is greater. (b) This subsection (1) does not apply to any GAP agreement that is …