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Current as of January 01, 2022 | Updated by FindLaw Staff
(1) Except as provided in subsections (2) and (3) of this section, this part 2 applies if a person:
(a) Makes consumer credit sales and charges or collects a finance charge, or makes consumer leases; or
(b) Takes assignments of and undertakes direct collection of payments from, or enforcement of rights against, consumers arising from consumer credit sales or consumer leases.
(2) This part 2 does not apply to supervised lenders described in section 5-1-301(46), persons making consumer loans described in section 5-1-301(15), or to persons licensed as collection agencies pursuant to article 16 of this title 5.
(3) Sections 5-6-203(5) and 5-6-204 of this part 2 apply to all fees collected under this code.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 5. Consumer Credit Code § 5-6-201. Applicability - last updated January 01, 2022 | https://codes.findlaw.com/co/title-5-consumer-credit-code/co-rev-st-sect-5-6-201/
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 or via Westlaw before relying on it for your legal needs.
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