There is a newer version
of
this Section
2020 Colorado Revised Statutes
Title 5 - Consumer Credit Code
Article 3. Regulation of Agreements and Practices
Section 5-3-302. Limitation on default charges.
Universal Citation: CO Rev Stat § 5-3-302 (2020)
Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction may not provide for charges as a result of default by the consumer other than those authorized by this code. A provision in violation of this section is unenforceable.
Source: L. 2000: Entire article R&RE, p. 1221, § 1, effective July 1.
Editor's note: This section is similar to former §§ 5-2-414 and 5-3-405, as they existed prior to 2000.
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.
