Colorado § 5-20-102 Scope of article - residence of debtor

Colorado Statutes

§ 5-20-102 — Scope of article - residence of debtor

Colorado·Title 05 Consumer·Art. Colorado Student Loan Equity

(1)This part 1 applies to any person engaged in servicing a student education loan owed by an individual who is a resident of this state. For the purposes of this article 20, the residence of an individual is the address given by the individual as the individual's residence to the creditor or to the student loan servicer. Until an individual notifies the creditor or the student loan servicer of a new or different address, the given address is presumed to be unchanged.

(2)Part 2 of this article 20 applies to private education creditors and collection agencies in connection with student education loans that are not made, insured, or guaranteed under federal law and that are used for postsecondary education.

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(1) This part 1 applies to
any person engaged in servicing a student education loan owed by an individual
who is a resident of this state. For the purposes of this article 20, the residence of
an individual is the address given by the individual as the individual's residence to
the creditor or to the student loan servicer. Until an individual notifies the creditor
or the student loan servicer of a new or different address, the given address is
presumed to be unchanged.

(2) Part 2 of this article 20 applies to private education creditors and
collection agencies in connection with student education loans that are not made,
insured, or guaranteed under federal law and that are used for postsecondary
education.

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Legislative History

Source: L. 2019: Entire article added, (SB 19-002), ch. 157, p. 1856, � 2, effective August 2. L. 2021: Entire section amended, (SB 21-057), ch. 378, p. 2516, � 3, effective June 29. L. 2023: (2) amended, (SB 23-248), ch. 360, p. 2154, � 15, effective August 7.