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0 chapters · 408 sections in this title.
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 …
Colo. Rev. Stat. § 5-9.3-105 Calculation and payment of deficiency balance
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(1) The calculation of the payment or waiver of the deficiency balance may exclude the following, as long as these exclusions are clearly specified in the GAP agreement: (a) Amounts owed for unpaid installments under the finance agreement, including any fees or surcharges imposed…