Colorado § 5-3-109 Records

Colorado Statutes

§ 5-3-109 — Records

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

Every creditor shall maintain records in conformity with
this code, rules adopted thereunder, and generally accepted accounting principles
and practices in a manner that will establish that the creditor is complying with the
provisions of this code. The record-keeping system of a creditor shall be sufficient
if the creditor makes the required information reasonably available. The records
pertaining to any credit transaction need not be preserved for more than four years
after making the final entry relating to the transaction, but, in the case of a
revolving credit account, the four years is measured from the date of each entry.

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Every creditor shall maintain records in conformity with
this code, rules adopted thereunder, and generally accepted accounting principles
and practices in a manner that will establish that the creditor is complying with the
provisions of this code. The record-keeping system of a creditor shall be sufficient
if the creditor makes the required information reasonably available. The records
pertaining to any credit transaction need not be preserved for more than four years
after making the final entry relating to the transaction, but, in the case of a
revolving credit account, the four years is measured from the date of each entry.

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