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2021 Colorado Code
Title 5 - Consumer Credit Code
Article 10 - Rental Purchase Agreements
Part 9 - Violations and Penalties
§ 5-10-904. Effect of Correction
Universal Citation: CO Code § 5-10-904 (2021)
Notwithstanding sections 5-10-801 and 5-10-902 , any failure to comply with any provisions of this article resulting from a bona fide or clerical error may be corrected by the lessor within sixty days after discovering an error and prior to the institution of any action under this article, or within sixty days of the receipt of written notice of the error after the date of execution of the rental purchase agreement by the lessee. If so corrected, neither the lessor nor any holder is subject to penalty under this section. A copy of any rental purchase agreement to which such a correction is made shall be promptly sent to the lessee.
History. Source: L. 90: Entire article added, p. 377, § 1, effective January 1, 1991.
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