Colorado Statutes

§ 5-10-503 — Balloon payments

Colorado·Title 05 Consumer·Art. Rental Purchase Agreements
A lessee shall not be required to make a payment in addition to regular lease payments in order to acquire ownership of the lease property, nor shall the lessee be required to pay lease payments totaling more than the cost to acquire ownership, as provided in section 5-10-401 (1)(b).

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Legislative History

Source: L. 90: Entire article added, p. 371, � 1, effective January 1, 1991.

Nearby Sections

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