Colorado § 18-5-502 Failure to pay over assigned accounts

Colorado Statutes

§ 18-5-502 — Failure to pay over assigned accounts

Colorado·Title 18 Criminal·Art. Offenses Involving Fraud

(1)When, under the terms of an assignment of an account, as defined in section 4-9-102 (a)(2), the assignor, being permitted to collect the proceeds from the debtor, is to pay over to the assignee any of the proceeds and, after collection thereof, the assignor willfully and wrongfully fails to pay over to the assignee the proceeds, the person commits failure to pay over assigned accounts.

(2)Failure to pay over assigned accounts is:

(a)A petty offense if the amount is less than three hundred dollars;

(b)A class 2 misdemeanor if the amount is three hundred dollars or more but less than one thousand dollars;

(c)A class 1 misdemeanor if the amount is one thousand dollars or more but less than two thousand dollars;

(d)A class 6 felony if the amount is more than two thousand d

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(1) When, under the terms
of an assignment of an account, as defined in section 4-9-102 (a)(2), the assignor,
being permitted to collect the proceeds from the debtor, is to pay over to the
assignee any of the proceeds and, after collection thereof, the assignor willfully
and wrongfully fails to pay over to the assignee the proceeds, the person commits
failure to pay over assigned accounts.

(2) Failure to pay over assigned accounts is:

(a) A petty offense if the amount is less than three hundred dollars;

(b) A class 2 misdemeanor if the amount is three hundred dollars or more but
less than one thousand dollars;

(c) A class 1 misdemeanor if the amount is one thousand dollars or more but
less than two thousand dollars;

(d) A class 6 felony if the amount is more than two thousand dollars but less
than five thousand dollars;

(e) A class 5 felony if the amount is five thousand dollars or more but less
than twenty thousand dollars;

(f) A class 4 felony if the amount is twenty thousand dollars or more but less
than one hundred thousand dollars;

(g) A class 3 felony if the amount is one hundred thousand dollars or more
but less than one million dollars; and

(h) A class 2 felony if the amount is one million dollars or more.

Colorado § 18-5-502 (Failure to pay over assigned accounts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 71: R&RE, p. 444, � 1. C.R.S. 1963: � 40-5-502. L. 89: Entire section amended, p. 836, � 62, effective July 1. L. 98: Entire section amended, p. 796, � 8, effective July 1. L. 2001: Entire section amended, p. 1446, � 39, effective July 1. L. 2007: Entire section amended, p. 1695, � 10, effective July 1. L. 2021: Entire section amended, (SB 21-271), ch. 462, p. 3187, � 246, effective March 1, 2022.