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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) If a person, with intent to defraud a creditor by defeating, impairing, or rendering worthless or unenforceable any security interest, sells, assigns, transfers, conveys, pledges, encumbers, conceals, destroys, or disposes of any collateral subject to a security interest, the person commits:
(a) Deleted by Laws 2007, Ch. 384, § 9, eff. July 1, 2007.
(b) Repealed by Laws 2021, Ch. 462 (S.B. 21-271), § 236, eff. March 1, 2022.
(b.5) Deleted by Laws 2014, Ch. 155, § 3, eff. Aug. 6, 2014.
(c) A petty offense if the value of the collateral is less than three hundred dollars;
(d) A class 2 misdemeanor if the value of the collateral is three hundred dollars or more but less than one thousand dollars;
(e) A class 1 misdemeanor if the value of the collateral is one thousand dollars or more but less than two thousand dollars;
(f) A class 6 felony if the value of the collateral is two thousand dollars or more but less than five thousand dollars;
(g) A class 5 felony if the value of the collateral is five thousand dollars or more but less than twenty thousand dollars;
(h) A class 4 felony if the value of the collateral is twenty thousand dollars or more but less than one hundred thousand dollars;
(i) A class 3 felony if the value of the collateral is one hundred thousand dollars or more but less than one million dollars; and
(j) A class 2 felony if the value of the collateral is one million dollars or more.
(2) If a creditor, with intent to defraud a debtor, sells, assigns, transfers, conveys, pledges, buys, or encumbers a promissory note or contract signed by the debtor, the creditor commits:
(a) Deleted by Laws 2007, Ch. 384, § 9, eff. July 1, 2007.
(b) Repealed by Laws 2021, Ch. 462 (S.B. 21-271), § 236, eff. March 1, 2022.
(b.5) Deleted by Laws 2014, Ch. 155, § 3, eff. Aug. 6, 2014.
(c) A petty offense if the amount owing on the note or contract is less than three hundred dollars;
(d) A class 2 misdemeanor if the amount owing on the note or contract is three hundred dollars or more but less than one thousand dollars;
(e) A class 1 misdemeanor if the amount owing on the note or contract is one thousand dollars or more but less than two thousand dollars;
(f) A class 6 felony if the amount owing on the note or contract is two thousand dollars or more but less than five thousand dollars;
(g) A class 5 felony if the amount owing on the note or contract is five thousand dollars or more but less than twenty thousand dollars;
(h) A class 4 felony if the amount owing on the note or contract is twenty thousand dollars or more but less than one hundred thousand dollars;
(i) A class 3 felony if the amount owing on the note or contract is one hundred thousand dollars or more but less than one million dollars; and
(j) A class 2 felony if the amount owing on the note or contract is one million dollars or more.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 18. Criminal Code § 18-5-206. Defrauding a secured creditor or debtor - last updated January 01, 2025 | https://codes.findlaw.com/co/title-18-criminal-code/co-rev-st-sect-18-5-206/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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