Colorado § 5-20-207 Bankruptcy or death of cosigner

Colorado Statutes

§ 5-20-207 — Bankruptcy or death of cosigner

Colorado § 5-20-207

Title 05Consumer

Art.Colorado Student Loan Equity

This text of Colorado § 5-20-207 (Bankruptcy or death of cosigner) 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. § 5-20-207 (2026).

Text

(1)If a cosigner dies, the creditor shall not attempt to collect against the cosigner's estate other than for payment default.

(2)With regard to the death or bankruptcy of a cosigner, if a private education creditor is not more than sixty days delinquent at the time the creditor is notified of the cosigner's death or bankruptcy, the creditor shall not change any terms or benefits under the promissory note, repayment schedule, repayment terms, or monthly payment amount or any other provision associated with the credit obligation.

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(1) If a cosigner dies, the
creditor shall not attempt to collect against the cosigner's estate other than for
payment default.

(2) With regard to the death or bankruptcy of a cosigner, if a private
education creditor is not more than sixty days delinquent at the time the creditor is
notified of the cosigner's death or bankruptcy, the creditor shall not change any
terms or benefits under the promissory note, repayment schedule, repayment
terms, or monthly payment amount or any other provision associated with the credit
obligation.

Legislative History

Source: L. 2021: Entire part added, (SB 21-057), ch. 378, p. 2523, � 5, effective June 29. L. 2023: Entire section amended, (SB 23-248), ch. 360, p. 2161, � 22, effective August 7.