Colorado § 5-16-111.5 Fees, costs, and costs of collection - limitation

Colorado Statutes

§ 5-16-111.5 — Fees, costs, and costs of collection - limitation

Colorado § 5-16-111.5

Title 05Consumer

Art.Colorado Fair Debt Collection Practices Act

This text of Colorado § 5-16-111.5 (Fees, costs, and costs of collection - limitation) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 5-16-111.5 (2026).

Text

(1)Except as described in subsection (2) of this section, a private collection agency or privately retained attorney collecting on any debt arising from past-due orders, obligations, fines, or fees due to the state, or due to any political subdivision within the state, may add to the amount due that has been placed for collection all fees, costs, and costs of collection, including designated contractual attorney fees and costs that are awarded by a court of competent jurisdiction. Exclusive of the accrual of interest and court costs, any fees, costs, and costs of collection may not exceed eighteen percent in the aggregate unless additional reasonable attorney fees are awarded by a court of competent jurisdiction.

(2)Subsection (1) of this section does not apply if the state or

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(1) Except as
described in subsection (2) of this section, a private collection agency or privately
retained attorney collecting on any debt arising from past-due orders, obligations,
fines, or fees due to the state, or due to any political subdivision within the state,
may add to the amount due that has been placed for collection all fees, costs, and
costs of collection, including designated contractual attorney fees and costs that
are awarded by a court of competent jurisdiction. Exclusive of the accrual of
interest and court costs, any fees, costs, and costs of collection may not exceed
eighteen percent in the aggregate unless additional reasonable attorney fees are
awarded by a court of competent jurisdiction.

(2) Subsection (1) of this section does not apply if the state or political
subdivision of the state has sold the debt to a third party.

(3) Notwithstanding section 24-1-136 (11)(a)(I), on or before January 1, 2023,
and on or before January 1 every five years thereafter, the state auditor shall review
the rate described in subsection (1) of this section and the fee described in section
24-30-202.4 (8)(a) and report the results of his or her review to the finance
committees of the senate and the house of representatives or any successor
committees. The report may include any recommendations of the state auditor
regarding raising or lowering the rate or the fee.

Legislative History

Source: L. 2018: Entire section added, (HB 18-1057), ch. 314, p. 1895, � 1, effective July 1, 2019. L. 2021: (3) amended, (SB 21-055), ch. 12, p. 75, � 3, effective March 21.