There is a newer version
of
this Section
2020 Colorado Revised Statutes
Title 5 - Consumer Credit Code
Article 10. Rental Purchase Agreements
Section 5-10-704. Notice of assignment.
Universal Citation: CO Rev Stat § 5-10-704 (2020)
The lessee is authorized to pay the original lessor until the lessee receives written notification that the rights to payment pursuant to a rental purchase agreement have been assigned to an assignee and that payment is to be made to the assignee. A notification which does not reasonably identify the rights assigned shall be ineffective. If requested by the lessee, the assignee shall furnish reasonable proof that the assignment has been made, and, unless he does so, the lessee may pay the lessor.
Source: L. 90: Entire article added, p. 374, § 1, effective January 1, 1991.
Disclaimer: These codes may not be the most recent version. Colorado may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
