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2021 Colorado Code
Title 5 - Consumer Credit Code
Article 20 - Colorado Student Loan Servicers
Part 1 - Colorado Student Loans
§ 5-20-102. Scope of Article - Residence of Debtor
Universal Citation: CO Code § 5-20-102 (2021)
- This part 1 applies to any person engaged in servicing a student education loan owed by an individual who is a resident of this state. For the purposes of this article 20, the residence of an individual is the address given by the individual as the individual's residence to the creditor or to the student loan servicer. Until an individual notifies the creditor or the student loan servicer of a new or different address, the given address is presumed to be unchanged.
- Part 2 of this article 20 applies to private education lenders, creditors, and collection agencies in connection with those student education loans that are not made, insured, or guaranteed under federal law and that are used for postsecondary education.
History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1856, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2516, § 3, effective June 29.
Editor's note:
Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
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