Colorado § 5-20-115 Assurance of discontinuance

Colorado Statutes

§ 5-20-115 — Assurance of discontinuance

Colorado § 5-20-115

Title 05Consumer

Art.Colorado Student Loan Equity

This text of Colorado § 5-20-115 (Assurance of discontinuance) 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. § 5-20-115 (2026).

Text

If it is claimed that a person has
violated this part 1, the administrator may accept an assurance in writing that the
person will not engage in the conduct in the future. The assurance may also require
the person to make refunds to persons of unlawful charges under this part 1, pay a
penalty authorized in section 5-20-114 (1), all or part of which may be specifically
designated for consumer and creditor educational purposes, and reimburse the
administrator for the administrator's reasonable costs incurred in investigating the
conduct. If a person giving an assurance of discontinuance fails to comply with its
terms, the assurance is evidence that prior to the assurance the person engaged in
the conduct described in the assurance.

Free access — add to your briefcase to read the full text and ask questions with AI

If it is claimed that a person has
violated this part 1, the administrator may accept an assurance in writing that the
person will not engage in the conduct in the future. The assurance may also require
the person to make refunds to persons of unlawful charges under this part 1, pay a
penalty authorized in section 5-20-114 (1), all or part of which may be specifically
designated for consumer and creditor educational purposes, and reimburse the
administrator for the administrator's reasonable costs incurred in investigating the
conduct. If a person giving an assurance of discontinuance fails to comply with its
terms, the assurance is evidence that prior to the assurance the person engaged in
the conduct described in the assurance.

Legislative History

Source: L. 2019: Entire article added, (SB 19-002), ch. 157, p. 1871, � 2, effective August 2. L. 2021: Entire section amended, (SB 21-057), ch. 378, p. 2533, � 13, effective June 29.