Colorado Statutes

§ 44-20-130 — Drafts not honored for payment - penalties

Colorado § 44-20-130
JurisdictionColorado
Title 44Revenue -
Art.Sale of Self-propelled Vehicles

This text of Colorado § 44-20-130 (Drafts not honored for payment - penalties) 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. § 44-20-130 (2026).

Text

(1)If a motor vehicle dealer, wholesaler, or used motor vehicle dealer issues a draft or check to a motor vehicle dealer, wholesaler, used motor vehicle dealer, motor vehicle auction house, or consignor and fails to honor the draft or check, then the license of the licensee shall be subject to suspension pursuant to section 44-20-104 (3)(e)(I). The license suspension shall be effective upon the date of any final decision against the licensee based upon the unpaid draft or check. A licensee whose license has been suspended pursuant to the provisions of this subsection (1) shall not be eligible for reinstatement of the license and shall not be eligible to apply for any other license issued under this part 1 unless it is demonstrated to the board that the unpaid draft or check has

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Legislative History

Source: L. 2018: Entire article added with relocations, (SB 18-030), ch. 7, p. 85, � 2, effective October 1.

Nearby Sections

15
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Bluebook (online)
Colorado § 44-20-130, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/44/44-20-130.