Colorado Statutes
§ 5-3.1-101.5 — Legislative declaration
Colorado § 5-3.1-101.5
This text of Colorado § 5-3.1-101.5 (Legislative declaration) 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. § 5-3.1-101.5 (2026).
Text
The people of this state find and
declare that payday lenders are charging up to two hundred percent annually for
payday loans and that excess charges on such loans can lead Colorado families into
a debt trap of repeat borrowing. It is the intent of the people to lower the maximum
authorized finance charge for payday loans to an annual percentage rate of thirty-six percent.
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Legislative History
Source: Initiated 2018: Entire section added, Proposition 111, L. 2019, p. 4539,
� 1, effective February 1, 2019, proclamation of the Governor issued December 19,
2018.
Nearby Sections
15
§ 5-1-101
Short title§ 5-1-102
Purposes - rules of construction§ 5-1-104
Construction against implicit repeal§ 5-1-105
Severability clause§ 5-1-202
Exclusions§ 5-1-203
Jurisdiction and service of process§ 5-1-301
General definitions§ 5-1-303
Index of definitions in code§ 5-10-1001
Advertising§ 5-10-101
Short title§ 5-10-102
Legislative declarationCite This Page — Counsel Stack
Bluebook (online)
Colorado § 5-3.1-101.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/05/5-3.1-101.5.