A consumer shall not be subject to any criminal penalty for entering into a deferred deposit loan agreement. A consumer shall not be subject to any criminal penalty in the event the instrument is dishonored, unless the consumer’s account on which the instrument was written was closed before the agreed upon date of negotiation, subject to the provisions of section 18-5-205 , C.R.S.
C.R.S. § 5-3.1-120
Criminal culpability
Known as the Deferred Deposit Loan Act
The act spans §§ 5-3.1-101 to 5-3.1-123 (24 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.