Colorado § 29-11.9-101 Definitions

Colorado Statutes

§ 29-11.9-101 — Definitions

Colorado § 29-11.9-101

Title 29Government

Art.Pawnbrokers

This text of Colorado § 29-11.9-101 (Definitions) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 29-11.9-101 (2026).

Text

As used in this article 11.9, unless the context otherwise requires:

(1)Contract for purchase means a contract entered into between a pawnbroker and a customer pursuant to which money is advanced to the customer by the pawnbroker on the delivery of tangible personal property by the customer on the condition that the customer, for a fixed price and within a fixed period of time, to be no less than thirty days, has the option to cancel said contract.

(2)Fixed price means the amount agreed upon to cancel a contract for purchase during the option period. Said fixed price shall not exceed one-fifth of the original purchase price for each month, plus the original purchase price.

(3)Fixed time means that period of time, to be no less than thirty days, as set forth in a contract for

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this article 11.9, unless the context
otherwise requires:

(1) Contract for purchase means a contract entered into between a
pawnbroker and a customer pursuant to which money is advanced to the customer
by the pawnbroker on the delivery of tangible personal property by the customer on
the condition that the customer, for a fixed price and within a fixed period of time,
to be no less than thirty days, has the option to cancel said contract.

(2) Fixed price means the amount agreed upon to cancel a contract for
purchase during the option period. Said fixed price shall not exceed one-fifth of the
original purchase price for each month, plus the original purchase price.

(3) Fixed time means that period of time, to be no less than thirty days, as
set forth in a contract for purchase, for an option to cancel said contract.

(4) Local law enforcement agency means any marshal's office, police
department, or sheriff's office with jurisdiction in the locality in which the customer
enters into a contract for purchase or a purchase transaction.

(5) Local licensing authority means the governing body of a municipality or
city and county in any incorporated area of the state and the board of county
commissioners of a county in any unincorporated area of the state.

(6) Option means the fixed time and the fixed price agreed upon by the
customer and the pawnbroker in which a contract for purchase may be but does not
have to be rescinded by the customer.

(7) Pawnbroker means a person who, in the course of his or her business, is
regularly engaged in the business of making contracts for purchase or a person
who, in the course of his or her business, is both regularly engaged in the business
of making purchase transactions and also regularly or occasionally makes
contracts for purchase.

(8) Purchase transaction means the purchase by a pawnbroker in the
course of his or her business of tangible personal property for resale, other than
newly manufactured tangible personal property that has not previously been sold
at retail, when the purchase does not constitute a contract for purchase.

(9) Tangible personal property means all personal property other than
choses in action, securities, or printed evidences of indebtedness, which property is
deposited with or otherwise actually delivered into the possession of a pawnbroker
in the course of his or her business in connection with a contract for purchase or
purchase transaction.

Legislative History

Source: L. 2017: Entire article added with relocated provisions, (SB 17-228), ch. 246, p. 1038, � 3, effective August 9. L. 2022: (7) amended, (HB 22-1324), ch. 249, p. 1834, � 2, effective May 26.