§ 5-3-209 — Referral sales

Colorado § 5-3-209

• Jurisdiction: Colorado
• Title 05: Consumer
• Art.: Regulation of Agreements and Practices

Text

With respect to a consumer credit sale or consumer
lease, the seller or lessor may not give or offer to give a rebate or discount or
otherwise pay or offer to pay value to the consumer as an inducement for a sale or
lease in consideration of the consumer giving to the seller or lessor the names of
prospective purchasers or lessees, or otherwise aiding the seller or lessor in making
a sale or lease to another person, if the earning of the rebate, discount, or other
value is contingent upon the occurrence of an event subsequent to the time the
consumer agrees to buy or lease. If a consumer is induced by a violation of this
section to enter into a consumer credit sale or consumer lease, the agreement is
unenforceable by the seller or lessor and the consumer, at his or her option, may
rescind the agreement or retain the goods delivered and the benefit of any services
performed without any obligation to pay for them.

Legislative History

Source: L. 2000: Entire article R&RE, p. 1220, � 1, effective July 1.