Colorado § 5-5-112 Attorney fees

Colorado Statutes

§ 5-5-112 — Attorney fees

Colorado·Title 05 Consumer·Art. Remedies and Penalties

(1)With respect to a consumer credit transaction, the agreement may provide for the payment by the consumer of reasonable attorney fees not in excess of fifteen percent of the unpaid debt after default and referral to an attorney not a salaried employee of the creditor or such additional fee as may be directed by the court. A provision in violation of this section is unenforceable.

(2)This section does not authorize the imposition of attorney fees for preparation of a notice of right to cure if the consumer cures the default pursuant to sections 5-5-110 and 5-5-111.

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(1) With respect to a consumer credit transaction,
the agreement may provide for the payment by the consumer of reasonable
attorney fees not in excess of fifteen percent of the unpaid debt after default and
referral to an attorney not a salaried employee of the creditor or such additional fee
as may be directed by the court. A provision in violation of this section is
unenforceable.

(2) This section does not authorize the imposition of attorney fees for
preparation of a notice of right to cure if the consumer cures the default pursuant
to sections 5-5-110 and 5-5-111.

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