Colorado § 5-5-301 Willful violations

Colorado Statutes

§ 5-5-301 — Willful violations

Colorado·Title 05 Consumer·Art. Remedies and Penalties

(1)A supervised lender who willfully makes charges in excess of those permitted by the provisions of this code commits a class 2 misdemeanor.

(2)A person, other than a supervised financial organization, who willfully engages in the business of making supervised loans without a license in violation of the provisions of this code applying to the authority to make supervised loans described in section 5-2-301 commits a class 2 misdemeanor.

(3)A person who willfully engages in the business of making consumer credit transactions or of taking assignments of rights against consumers arising therefrom and undertakes direct collection of payments or enforcement of these rights without complying with the provisions of this code concerning notification contained in section 5-6-202 or pa

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(1) A supervised lender who willfully makes
charges in excess of those permitted by the provisions of this code commits a class
2 misdemeanor.

(2) A person, other than a supervised financial organization, who willfully
engages in the business of making supervised loans without a license in violation of
the provisions of this code applying to the authority to make supervised loans
described in section 5-2-301 commits a class 2 misdemeanor.

(3) A person who willfully engages in the business of making consumer
credit transactions or of taking assignments of rights against consumers arising
therefrom and undertakes direct collection of payments or enforcement of these
rights without complying with the provisions of this code concerning notification
contained in section 5-6-202 or payment of fees contained in section 5-6-203
commits a class 2 misdemeanor.

(4) Any person who violates the provisions of this section and by the same
act or acts violates the provisions of section 18-15-104 or 18-15-107, C.R.S., or both,
shall be prosecuted for the violation of either or both of said sections and not for a
violation of this section.

Colorado § 5-5-301 (Willful violations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2000: Entire article R&RE, p. 1243, � 1, effective July 1. L. 2021: (1), (2), and (3) amended, (SB 21-271), ch. 462, p. 3133, � 54, effective March 1, 2022.