Colorado § 5-3.1-121 Unfair or deceptive practices

Colorado Statutes

§ 5-3.1-121 — Unfair or deceptive practices

Colorado § 5-3.1-121

Title 05Consumer

Art.Deferred Deposit Loan Act

This text of Colorado § 5-3.1-121 (Unfair or deceptive practices) 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. § 5-3.1-121 (2026).

Text

(1)No person shall engage in unfair or deceptive acts, practices, or advertising in connection with a deferred deposit loan.

(2)No person may engage in any device, subterfuge, or pretense to evade the requirements of this article, including making loans disguised as a personal property sale, and leaseback transaction; disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services; or making, offering, guaranteeing, assisting, or arranging a consumer to obtain a loan with a greater rate of interest, consideration, or charge than is permitted by this article through any method including mail, telephone, internet, or any electronic means regardless of whether the person has a physical location in the state.

Free access — add to your briefcase to read the full text and ask questions with AI

(1) No person shall engage in unfair
or deceptive acts, practices, or advertising in connection with a deferred deposit
loan.

(2) No person may engage in any device, subterfuge, or pretense to evade
the requirements of this article, including making loans disguised as a personal
property sale, and leaseback transaction; disguising loan proceeds as a cash rebate
for the pretextual installment sale of goods or services; or making, offering,
guaranteeing, assisting, or arranging a consumer to obtain a loan with a greater
rate of interest, consideration, or charge than is permitted by this article through
any method including mail, telephone, internet, or any electronic means regardless
of whether the person has a physical location in the state.

Legislative History

Source: L. 2000: Entire article added, p. 443, � 1, effective July 1. L. 2010: Entire section amended, (HB 10-1351), ch. 267, p. 1224, � 7, effective August 11. Initiated 2018: (2) amended, Proposition 111, L. 2019, p. 4540, � 4, effective February 1, 2019, proclamation of the Governor issued December 19, 2018.