Colorado § 5-2-308 Regular schedule of payments - maximum loan term

Colorado Statutes

§ 5-2-308 — Regular schedule of payments - maximum loan term

Colorado·Title 05 Consumer·Art. Finance Charges and Related Provisions

(1)Supervised loans not made pursuant to a revolving credit account and in which the principal is three thousand dollars or less shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor and:

(a)Over a period of not more than thirty-seven months if the principal is more than one thousand dollars; or

(b)Over a period of not more than twenty-five months if the principal is one thousand dollars or less.

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(1)
Supervised loans not made pursuant to a revolving credit account and in which the
principal is three thousand dollars or less shall be scheduled to be payable in
substantially equal installments at equal periodic intervals except to the extent
that the schedule of payments is adjusted to the seasonal or irregular income of the
debtor and:

(a) Over a period of not more than thirty-seven months if the principal is more
than one thousand dollars; or

(b) Over a period of not more than twenty-five months if the principal is one
thousand dollars or less.

Colorado § 5-2-308 (Regular schedule of payments - maximum loan term) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.