Title 5, Consumer Credit Code
0 chapters · 368 sections in this title.
Colo. Rev. Stat. § 5-5-107 No discharge from employment for garnishment
0.5K chars
No employer shall discharge an employee for the reason that a creditor of the employee has subjected or attempted to subject unpaid earnings of the employee to garnishment or like proceedings directed to the employer for the purpose of paying a judgment arising from a consumer cr…
Colo. Rev. Stat. § 5-5-108 Extortionate extensions of credit
5.9K chars
(1) If it is the understanding of the creditor and the consumer at the time an extension of credit is made that delay in making repayment or failure to make repayment could result in the use of violence or other criminal means to cause harm to the person, reputation, or property …
Colo. Rev. Stat. § 5-5-109 Unconscionability - inducement by unconscionable conduct - unconscionable debt collection
7.7K chars
(1) With respect to a transaction that is, gives rise to, or leads the consumer to believe will give rise to a consumer credit transaction, if the court as a matter of law finds: (a) The agreement or transaction to have been unconscionable at the time it was made, or to have been…
Colo. Rev. Stat. § 5-5-110 Notice of right to cure
3.2K chars
(1) With respect to a consumer credit transaction, after a consumer has been in default for ten days for failure to make a required payment and has not voluntarily surrendered possession of goods or the mobile home that are collateral, a creditor may give the consumer the notice …
Colo. Rev. Stat. § 5-5-111 Cure of default
3.4K chars
(1) With respect to a consumer credit transaction, except as provided in subsection (2) of this section, after a default consisting only of the consumer's failure to make a required payment, a creditor, because of that default, may neither accelerate maturity of the unpaid balanc…
Colo. Rev. Stat. § 5-5-112 Attorney fees
0.8K chars
(1) With respect to a consumer credit transaction, the agreement may provide for the payment by the consumer of reasonable attorney fees not in excess of fifteen percent of the unpaid debt after default and referral to an attorney not a salaried employee of the creditor or such a…
Colo. Rev. Stat. § 5-5-201 Effect of violations on rights of parties
4.5K chars
(1) If a creditor has violated the provisions of this code applying to limitations on the schedule of payments or loan term for supervised loans contained in section 5-2-308 or authority to make supervised loans contained in section 5-2-301, the consumer is not obligated to pay t…
Colo. Rev. Stat. § 5-5-202 Civil liability for violation of disclosure provisions
4.0K chars
(1) Except as otherwise provided in this section, a creditor who, in violation of the provisions on disclosure contained in section 5-3-101, other than the provisions on advertising, fails to disclose information to a person entitled to the information under this code is liable t…
Colo. Rev. Stat. § 5-5-203 Consumer's right to rescind certain transactions
0.8K chars
In the case of a consumer credit transaction with respect to which a security interest is retained or acquired in any property that is used as the principal dwelling of the person to whom credit is extended, the consumer shall have the same right to rescind the transaction as pro…
Colo. Rev. Stat. § 5-5-204 Interests in land
0.6K chars
For purposes of the provisions on civil liability for violation of the disclosure provisions contained in section 5-5-202 and on a consumer's right to rescind certain transactions contained in section 5-5-203, consumer credit transaction includes a transaction primarily secured b…
Colo. Rev. Stat. § 5-5-205 Refunds and penalties as set-off to obligation
0.4K chars
Refunds or penalties to which the consumer is entitled pursuant to this part 2 may be set off against the consumer obligation and may be raised as a defense to a suit on the obligation without regard to the time limitations prescribed by said sections. Source: L. 2000: Entire art…
Colo. Rev. Stat. § 5-5-206 Civil liability for discrimination
0.7K chars
If a person has failed to comply with section 5-3-210, the person aggrieved by such failure to comply has a right to recover actual damages from such person but in no event less than one hundred dollars for actual and exemplary damages nor more than one thousand dollars for actua…
Colo. Rev. Stat. § 5-5-301 Willful violations
1.4K chars
(1) A supervised lender who willfully makes charges in excess of those permitted by the provisions of this code commits a class 2 misdemeanor. (2) A person, other than a supervised financial organization, who willfully engages in the business of making supervised loans without a …
Colo. Rev. Stat. § 5-5-302 Disclosure violations
0.9K chars
(1) A person commits a class 2 misdemeanor if such person willfully and knowingly: (a) Gives false or inaccurate information or fails to provide information that such person is required to disclose under the provisions of this code on disclosure and advertising or of any related …
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…
Colo. Rev. Stat. § 5-9-101 Time of taking effect prior to June 30, 2000 - provisions for transition
3.0K chars
(1) Except as otherwise provided in this section, this code as it existed prior to the enactment of House Bill 00-1185, as enacted at the second regular session of the sixty-second general assembly, took effect at 12:01 a.m. on October 1, 1971, and was in effect through June 30, …
Colo. Rev. Stat. § 5-9-101.5 Time of taking effect - provisions for transition
1.3K chars
(1) Except as otherwise provided in this section, this code as it exists following the repeal and reenactment contained in House Bill 00-1185, as enacted at the second regular session of the sixty-second general assembly, takes effect at 12:01 a.m. on July 1, 2000. (2) Transactio…
Colo. Rev. Stat. § 5-9-102 Continuation of licensing prior to July 1, 2000
1.0K chars
Notwithstanding the repeal and reenactment of articles 2 and 3 of chapter 73, C.R.S. 1963, by this code, all persons licensed or otherwise authorized under the provisions of articles 2 or 3 of chapter 73, C.R.S. 1963, immediately prior to October 1, 1971, are licensed to make sup…
Colo. Rev. Stat. § 5-9-102.5 Continuation of licensing after July 1, 2000
0.7K chars
Notwithstanding the repeal and reenactment of part 5 of article 3 of this title by House Bill 00-1185, as enacted at the second regular session of the sixty-second general assembly, all persons licensed or otherwise authorized under the provisions of part 5 of article 3 immediate…
Colo. Rev. Stat. § 5-9-103 (Reserved)
0.4K chars
C.R.S. 5-9-103Statutes current through Chapter 65 of the 2026 Regular Session, effective as of April 20, 2026. The text of this section is not final. It will not be final until compared to, and updated from, the text provided by the Colorado Office of Legislative Legal Services l…
Colo. Rev. Stat. § 5-10-1001 Advertising
1.2K chars
(1) An advertisement for a rental purchase agreement shall not state or imply that a specific item is available at specific amounts or terms unless the lessor usually and customarily offers or will offer that item at those amounts or terms. (2) If any advertisement for a rental p…
Colo. Rev. Stat. § 5-10-101 Short title
0.2K chars
This article shall be known and may be cited as the Colorado Rental Purchase Agreement Act. Source: L. 90: Entire article added, p. 366, � 1, effective January 1, 1991.
Colo. Rev. Stat. § 5-10-102 Legislative declaration
0.8K chars
(1) This article shall be liberally construed and applied to promote its underlying purposes and policies. (2) The underlying purposes and policies of this article are to: (a) Simplify, clarify, and modernize the law governing rental purchase agreements; (b) Provide certain discl…
Colo. Rev. Stat. § 5-10-103 Waiver - agreement to forego rights - prohibited
0.3K chars
Except as otherwise provided in this article, a lessor or lessee, as those terms are defined in section 5-10-301, may not waive or agree to forego rights or benefits under this article, and any attempt to waive or agree to forego such rights or benefits is void. Source: L. 90: En…
Colo. Rev. Stat. § 5-10-104 Effective date
0.2K chars
Notwithstanding the provisions of section 5-9-101, this article shall take effect January 1, 1991. Source: L. 90: Entire article added, p. 367, � 1, effective January 1, 1991.
Colo. Rev. Stat. § 5-10-105 Supplementary general principles of law applicable
0.5K chars
Unless displaced by the particular provisions of this article, 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 …
Colo. Rev. Stat. § 5-10-201 Application
0.9K chars
(1) This article shall apply to a rental purchase agreement, or acts, practices, or conduct relating to a rental purchase agreement if: (a) The rental purchase agreement is entered into in this state; or (b) The lessee is a resident of this state at the time the lessor offering t…
Colo. Rev. Stat. § 5-10-202 Exclusions
1.0K chars
(1) This article shall not apply to, and an agreement that complies with this article is not governed by the provision relating to: (a) A consumer credit sale as that term is defined in section 5-1-301 (11); (b) A consumer lease as that term is defined in section 5-1-301 (14); (c…
Colo. Rev. Stat. § 5-10-301 Definitions
2.0K chars
(1) As used in this article, unless otherwise required by the context: (a) Administrator means the administrator designated in section 5-6-103. (b) Advertisement means a commercial message in any medium that aids, promotes, or assists, directly or indirectly, a rental purchase ag…