§ 18-15-107 — Collection of extensions of credit by extortionate means

(1) It is
unlawful for any person knowingly to participate in any way, or to conspire to do so,
in the use of any extortionate means to collect or to attempt to collect any
extension of credit or to punish any person for the nonrepayment of any extension
of credit.

(2) Any person who violates the provisions of subsection (1) of this section
commits collection of extensions of credit by extortionate means, which is a class 4
felony.

(3) In any prosecution under this section for the purpose of showing an
implicit threat as a means of collection, evidence may be introduced tending to
show that one or more extensions of credit by the creditor were, to the knowledge
of the person against whom the implicit threat was alleged to have been made,
collected or attempted to be collected by extortionate means or that the
nonrepayment of an extension of credit was punished by extortionate means.

Legislative History

Source: L. 72: p. 291, � 3. C.R.S. 1963: � 40-15-107.