Colorado Statutes

§ 5-3.1-107 — Multiple outstanding transactions notice

Colorado § 5-3.1-107
JurisdictionColorado
Title 05Consumer
Art.Deferred Deposit Loan Act

This text of Colorado § 5-3.1-107 (Multiple outstanding transactions notice) 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. § 5-3.1-107 (2026).

Text

A lender shall provide the following notice in a prominent place on each deferred deposit loan agreement in at least ten-point type: STATE LAW PROHIBITS DEFERRED DEPOSIT LOANS EXCEEDING FIVE HUNDRED DOLLARS ($500) TOTAL DEBT PLUS APPLICABLE FINANCE CHARGES PERMITTED BY LAW FROM A DEFERRED DEPOSIT LENDER. EXCEEDING THIS AMOUNT MAY CREATE FINANCIAL HARDSHIPS FOR YOU AND YOUR FAMILY. YOU HAVE THE RIGHT TO RESCIND THIS TRANSACTION BY 5 P.M. THE NEXT BUSINESS DAY FOLLOWING THIS TRANSACTION.

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Legislative History

Source: L. 2000: Entire article added, p. 441, � 1, effective July 1. L. 2001: Entire section amended, p. 29, � 8, effective March 9.

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Bluebook (online)
Colorado § 5-3.1-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/05/5-3.1-107.