Colorado Statutes

§ 5-3.1-109 — Form of loan proceeds

Colorado § 5-3.1-109
JurisdictionColorado
Title 05Consumer
Art.Deferred Deposit Loan Act

This text of Colorado § 5-3.1-109 (Form of loan proceeds) 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. § 5-3.1-109 (2026).

Text

A lender may pay the proceeds from a deferred deposit loan to the consumer in the form of a business instrument, money order, cash, stored value card, internet transfer, or authorized automated clearinghouse transaction. The consumer shall not be charged an additional finance charge or fee for cashing the lender's business instrument or for negotiating forms of loan proceeds other than cash.

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Legislative History

Source: L. 2000: Entire article added, p. 442, � 1, effective July 1. L. 2004: Entire section amended, p. 318, � 5, effective July 1.

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Bluebook (online)
Colorado § 5-3.1-109, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/05/5-3.1-109.