Colorado § 5-2-502 Finance charge for other transactions

Colorado Statutes

§ 5-2-502 — Finance charge for other transactions

Colorado § 5-2-502

Title 05Consumer

Art.Finance Charges and Related Provisions

This text of Colorado § 5-2-502 (Finance charge for other transactions) 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. § 5-2-502 (2026).

Text

With respect to a
transaction that is specifically exempt from the rate ceilings of this code by the
provisions of section 5-1-301 (15)(c), the parties may contract for the payment by
the consumer of any finance charge up to a rate not to exceed an annual
percentage rate of forty-five percent pursuant to section 18-15-104, C.R.S. The rate
of the finance charge shall be calculated on the unpaid balances of the debt on the
assumption that the debt will be paid according to its terms and will not be paid
before the end of the agreed term.

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With respect to a
transaction that is specifically exempt from the rate ceilings of this code by the
provisions of section 5-1-301 (15)(c), the parties may contract for the payment by
the consumer of any finance charge up to a rate not to exceed an annual
percentage rate of forty-five percent pursuant to section 18-15-104, C.R.S. The rate
of the finance charge shall be calculated on the unpaid balances of the debt on the
assumption that the debt will be paid according to its terms and will not be paid
before the end of the agreed term.