Colorado § 5-3-102 Notice of assignment

Colorado Statutes

§ 5-3-102 — Notice of assignment

Colorado § 5-3-102

Title 05Consumer

Art.Regulation of Agreements and Practices

This text of Colorado § 5-3-102 (Notice of assignment) 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. § 5-3-102 (2026).

Text

The consumer is authorized to pay the
original creditor until the consumer receives notification of assignment of rights to
payment pursuant to a consumer credit transaction and that payment is to be made
to the assignee. A notification that does not reasonably identify the rights assigned
is ineffective. If requested by the consumer, the assignee must seasonably furnish
reasonable proof that the assignment has been made and unless the assignee does
so the consumer may pay the original creditor.

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The consumer is authorized to pay the
original creditor until the consumer receives notification of assignment of rights to
payment pursuant to a consumer credit transaction and that payment is to be made
to the assignee. A notification that does not reasonably identify the rights assigned
is ineffective. If requested by the consumer, the assignee must seasonably furnish
reasonable proof that the assignment has been made and unless the assignee does
so the consumer may pay the original creditor.