Colo. Rev. Stat. § 5-3.1-123

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session
Section 5-3.1-123 - Use of multiple agreements for deferred deposit loans

If a consumer obtains a deferred deposit loan voluntarily and separately from his or her spouse and the consumer's action is documented in writing, signed by the consumer, and retained by the lender, the transaction shall not be considered a violation of section 5-3-205.

C.R.S. § 5-3.1-123

L. 2004: Entire section added, p. 320, § 9, effective July 1.