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2021 Colorado Code
Title 5 - Consumer Credit Code
Article 3.5 - Consumer Equity Protection
Part 1 - Obligor Protection
§ 5-3.5-104. Reporting to Credit Bureaus
Universal Citation: CO Code § 5-3.5-104 (2021)
A lender or its servicer shall report at least quarterly both the favorable and unfavorable payment history information of the obligor on payments due to the lender on a covered loan to a nationally recognized consumer credit reporting agency. This section shall not prevent a lender or its servicer from agreeing with the obligor not to report specified payment history information in the event of a resolved or unresolved dispute with an obligor, and shall not apply to covered loans held or serviced by a lender for less than ninety days.
History. Source: L. 2002: Entire article added, p. 1600, § 1, effective June 7.
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