§ 18-15-102 — Extortionate extension of credit - penalty

Any person who
makes any extension of credit in any amount regardless of the loan finance charge
with respect to which it is the understanding of the creditor and the debtor at the
time it is made that delay in making repayment or failure to make repayment will
result in the use of extortionate means of collection is guilty of extortionate
extension of credit, which is a class 4 felony.

Legislative History

Source: L. 72: p. 289, � 3. C.R.S. 1963: � 40-15-102.