Statutes, codes, and regulations
Colorado Revised Statutes
Title 5 - CONSUMER CREDIT CODECONSUMER CREDIT CODEArticle 3 - REGULATION OF AGREEMENTS AND PRACTICES
Part 3 - LIMITATIONS ON CONSUMERS' LIABILITIES
Section 5-3-301 - Restriction on liability in consumer lease

Colo. Rev. Stat. § 5-3-301

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Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 5-3-301 - Restriction on liability in consumer lease

The obligation of a lessee upon expiration of a consumer lease, may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.

C.R.S. § 5-3-301

L. 2000: Entire article R&RE, p. 1221, § 1, effective July 1.

This section is similar to former § 5-2-406, as it existed prior to 2000.