Uniform Consumer Credit Code

Colorado · Consumer Credit Code · §§ 5-1-101 to 5-6-302 · 90 sections

Overview

The Uniform Consumer Credit Code governs consumer credit transactions — including credit sales of goods, services, and interests in land, consumer leases, revolving charge accounts, and consumer loans — by setting the terms on which credit may be extended to individuals for personal, family, or household purposes. It caps and regulates the charges a creditor may impose, covering credit service charges, permitted additional charges, delinquency and deferral charges, and the treatment of refinancing and consolidation, while defining which transactions and persons are exempt from its reach. It also establishes borrower protections such as the right to prepay without penalty with a rebate of unearned charges, limits on waiver of rights and settlement of claims, and administrative enforcement, including periodic adjustment of its dollar thresholds and rules against structuring transactions to evade its requirements.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.

Sections covered

C.R.S. § 5-1-101Short title
C.R.S. § 5-2-101Short title
C.R.S. § 5-2-102Scope
C.R.S. § 5-2-201Finance charge for consumer credit transactions
C.R.S. § 5-2-202Additional charges
C.R.S. § 5-2-203Delinquency charges
C.R.S. § 5-2-204Deferral charges
C.R.S. § 5-2-205Finance charge on refinancing
C.R.S. § 5-2-206Finance charge on consolidation
C.R.S. § 5-2-207Prepaid finance charge
C.R.S. § 5-2-208Conversion to revolving account
C.R.S. § 5-2-209Advances to perform covenants of consumer
C.R.S. § 5-2-210Right to prepay
C.R.S. § 5-2-211Rebate upon prepayment
C.R.S. § 5-2-212Surcharges on credit transactions
C.R.S. § 5-2-213Lender and seller credit cards
C.R.S. § 5-2-214Alternative charges for loans not exceeding one thousand dollars
C.R.S. § 5-2-301Authority to make supervised loans
C.R.S. § 5-2-302License to make supervised loans
C.R.S. § 5-2-303Denial and discipline of license
C.R.S. § 5-2-304Records
C.R.S. § 5-2-305Examinations and investigations
C.R.S. § 5-2-306Administrative procedures
C.R.S. § 5-2-307Judicial review
C.R.S. § 5-2-308Regular schedule of payments
C.R.S. § 5-2-309Conduct of business other than making loans
C.R.S. § 5-2-310Application of other provisions
C.R.S. § 5-2-501Transactions subject to code by agreement of parties
C.R.S. § 5-2-502Finance charge for other transactions
C.R.S. § 5-4-101Short title
C.R.S. § 5-4-102Scope
C.R.S. § 5-4-103Definitions
C.R.S. § 5-4-104Creditor’s provision of and charge for insurance
C.R.S. § 5-4-105Conditions applying to insurance to be provided by creditor
C.R.S. § 5-4-106Unconscionability
C.R.S. § 5-4-107Maximum charge by creditor for insurance
C.R.S. § 5-4-108Refund or credit required
C.R.S. § 5-4-109Existing insurance
C.R.S. § 5-4-110Charge for insurance in connection with a deferral, refinancing, or consolidation
C.R.S. § 5-4-111Cooperation between administrator and commissioner of insurance
C.R.S. § 5-4-112Administrative action of commissioner of insurance
C.R.S. § 5-4-201Term of insurance
C.R.S. § 5-4-202Amount of insurance
C.R.S. § 5-4-203Filing and approval of rates and forms
C.R.S. § 5-4-301Property insurance
C.R.S. § 5-4-302Insurance on creditor’s interest only
C.R.S. § 5-4-303Liability insurance
C.R.S. § 5-4-304Cancellation by creditor
C.R.S. § 5-5-101Short title
C.R.S. § 5-5-102Scope
C.R.S. § 5-5-103Restrictions on deficiency judgments in consumer credit sales
C.R.S. § 5-5-104Insecurity and impaired collateral
C.R.S. § 5-5-105No garnishment before judgment
C.R.S. § 5-5-106Limitation on garnishment
C.R.S. § 5-5-107No discharge from employment for garnishment
C.R.S. § 5-5-108Extortionate extensions of credit
C.R.S. § 5-5-109Unconscionability
C.R.S. § 5-5-110Notice of right to cure
C.R.S. § 5-5-111Cure of default
C.R.S. § 5-5-112Attorney fees
C.R.S. § 5-5-201Effect of violations on rights of parties
C.R.S. § 5-5-202Civil liability for violation of disclosure provisions
C.R.S. § 5-5-203Consumer’s right to rescind certain transactions
C.R.S. § 5-5-204Interests in land
C.R.S. § 5-5-205Refunds and penalties as set-off to obligation
C.R.S. § 5-5-206Civil liability for discrimination
C.R.S. § 5-5-301Willful violations
C.R.S. § 5-5-302Disclosure violations
C.R.S. § 5-6-101Short title
C.R.S. § 5-6-102Applicability
C.R.S. § 5-6-103Definitions
C.R.S. § 5-6-104Powers of administrator
C.R.S. § 5-6-105Administrative powers with respect to supervised financial organizations
C.R.S. § 5-6-106Investigatory powers
C.R.S. § 5-6-107Application of administrative procedures
C.R.S. § 5-6-108Judicial review
C.R.S. § 5-6-109Administrative enforcement orders
C.R.S. § 5-6-110Assurance of discontinuance
C.R.S. § 5-6-111Injunctions against violations of code
C.R.S. § 5-6-112Injunctions against unconscionable agreements and fraudulent or unconscionable conduct
C.R.S. § 5-6-113Temporary relief
C.R.S. § 5-6-114Civil actions by administrator
C.R.S. § 5-6-115Jury trial
C.R.S. § 5-6-116Consumers’ remedies not affected
C.R.S. § 5-6-201Applicability
C.R.S. § 5-6-202Notification
C.R.S. § 5-6-203Fees
C.R.S. § 5-6-204Cash fund created
C.R.S. § 5-6-301Council of advisors on consumer credit
C.R.S. § 5-6-302Function of council

Enacted in other states

Indiana, Wyoming, Wyoming

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