Colorado § 5-3-107 Disclosures for consumer credit sale secured by a motor vehicle

Colorado Statutes

§ 5-3-107 — Disclosures for consumer credit sale secured by a motor vehicle

Colorado·Title 05 Consumer·Art. Regulation of Agreements and Practices

If the property that secures a consumer credit sale includes a motor vehicle and the
written agreement does not provide for automobile liability insurance, the following
clause shall be in the written agreement in capital letters and bold-face type: THIS
CONTRACT DOES NOT PROVIDE FOR AUTOMOBILE LIABILITY INSURANCE, AND
SAID BUYER ALSO STATES THAT HE OR SHE HAS/DOES NOT HAVE (strike
words not applicable) IN EFFECT AN AUTOMOBILE LIABILITY POLICY AS
DEFINED IN SECTION 42-7-103 (2), COLORADO REVISED STATUTES, ON THE
MOTOR VEHICLE SOLD BY THIS CONTRACT.

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

If the property that secures a consumer credit sale includes a motor vehicle and the
written agreement does not provide for automobile liability insurance, the following
clause shall be in the written agreement in capital letters and bold-face type: THIS
CONTRACT DOES NOT PROVIDE FOR AUTOMOBILE LIABILITY INSURANCE, AND
SAID BUYER ALSO STATES THAT HE OR SHE HAS/DOES NOT HAVE (strike
words not applicable) IN EFFECT AN AUTOMOBILE LIABILITY POLICY AS
DEFINED IN SECTION 42-7-103 (2), COLORADO REVISED STATUTES, ON THE
MOTOR VEHICLE SOLD BY THIS CONTRACT.

Colorado § 5-3-107 (Disclosures for consumer credit sale secured by a motor vehicle) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2000: Entire article R&RE, p. 1217, � 1, effective July 1. L. 2009: Entire section amended, (SB 09-292), ch. 369, p. 1939, � 4, effective August 5.