Colorado § 5-6-201 Applicability

Colorado Statutes

§ 5-6-201 — Applicability

Colorado·Title 05 Consumer·Art. Administration

(1)Except as provided in subsections (2) and (3) of this section, this part 2 applies if a person:

(a)Makes consumer credit sales and charges or collects a finance charge, or makes consumer leases; or

(b)Takes assignments of and undertakes direct collection of payments from, or enforcement of rights against, consumers arising from consumer credit sales or consumer leases.

(2)This part 2 does not apply to supervised lenders described in section 5-1-301 (46), persons making consumer loans described in section 5-1-301 (15), or to persons licensed as collection agencies pursuant to article 16 of this title 5.

(3)Section 5-6-204 applies to all fees collected under this code.

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(1) Except as provided in subsections (2) and (3) of
this section, this part 2 applies if a person:

(a) Makes consumer credit sales and charges or collects a finance charge, or
makes consumer leases; or

(b) Takes assignments of and undertakes direct collection of payments from,
or enforcement of rights against, consumers arising from consumer credit sales or
consumer leases.

(2) This part 2 does not apply to supervised lenders described in section 5-1-301 (46), persons making consumer loans described in section 5-1-301 (15), or to
persons licensed as collection agencies pursuant to article 16 of this title 5.

(3) Section 5-6-204 applies to all fees collected under this code.

Colorado § 5-6-201 (Applicability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2000: Entire article R&RE, p. 1252, � 1, effective July 1. L. 2009: (1)(a) amended, (HB 09-1141), ch. 41, p. 158, � 4, effective January 1, 2010. L. 2017: (2) amended, (HB 17-1238), ch. 260, p. 1171, � 10, effective August 9. L. 2023: (3) amended, (SB 23-248), ch. 360, p. 2148, � 3, effective August 7.