§ 5-3.5-303 — Relationship to other laws

Colorado § 5-3.5-303

• Jurisdiction: Colorado
• Title 05: Consumer
• Art.: Consumer Equity Protection

Text

(1) General rule. All political
subdivisions of this state, including municipalities, shall be prohibited from enacting
and enforcing ordinances, resolutions, and regulations pertaining to lending
activities.

(2) Preemption. Any provision of this article 3.5 preempted by federal law
with respect to a national bank or federal savings association shall also, to the
same extent, not apply to an operating subsidiary of a national bank or federal
savings association that satisfies the requirements for operating subsidiaries
established in 12 CFR 5.34, relating to operating subsidiaries, nor to a bank
chartered under the laws of Colorado or any operating subsidiary of such a state
chartered bank.

(3) Interpretation. The provisions of this article 3.5 shall be interpreted and
applied to the fullest extent practical in a manner consistent with applicable
federal laws and regulations and shall not be deemed to constitute an attempt to
override federal law.

Legislative History

Source: L. 2002: Entire article added, p. 1601, � 1, effective June 7. L. 2023: (2) amended, (HB 23-1301), ch. 303, p. 1815, � 2, effective August 7.