C.R.S. Section 38-10-124
Credit agreements

required to be in writing

(1)

As used in this section, unless the context otherwise requires:

(a)

“Credit agreement” means:

(I)

A contract, promise, undertaking, offer, or commitment to lend, borrow, repay, or forbear repayment of money, to otherwise extend or receive credit, or to make any other financial accommodation;

(II)

Any amendment of, cancellation of, waiver of, or substitution for any or all of the terms or provisions of any of the credit agreements defined in subparagraphs (I) and (III) of this paragraph (a); and

(III)

Any representations and warranties made or omissions in connection with the negotiation, execution, administration, or performance of, or collection of sums due under, any of the credit agreements defined in subparagraphs (I) and (II) of this paragraph (a).

(b)

“Creditor” means a financial institution which offers to extend, is asked to extend, or extends credit under a credit agreement with a debtor.

(c)

“Debtor” means a person who or entity which obtains credit or seeks a credit agreement with a creditor or who owes money to a creditor.

(d)

“Financial institution” means a bank, savings and loan association, savings bank, credit union, or mortgage or finance company.

(2)

Notwithstanding any statutory or case law to the contrary, including but not limited to section 38-10-112, no debtor or creditor may file or maintain an action or a claim relating to a credit agreement involving a principal amount in excess of twenty-five thousand dollars unless the credit agreement is in writing and is signed by the party against whom enforcement is sought.

(3)

A credit agreement may not be implied under any circumstances, including, without limitation, from the relationship, fiduciary or otherwise, of the creditor and the debtor or from performance or partial performance by or on behalf of the creditor or debtor, or by promissory estoppel.

Source: Section 38-10-124 — Credit agreements - required to be in writing, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-38.pdf (accessed Oct. 20, 2023).

38‑10‑101
Conveyances to defraud 38‑10‑102
Purchaser with notice - prior grantee privy 38‑10‑103
Conveyance determinable at will of grantor void 38‑10‑104
Power to revoke and reconvey 38‑10‑105
Conveyance before power vests 38‑10‑106
Conveyance - trust - power must be in writing 38‑10‑107
Not to affect will or trusts by operation of law 38‑10‑108
Contracts for interests in land - must be written 38‑10‑109
Authorized agent may subscribe instrument 38‑10‑110
Courts may enforce specific performance 38‑10‑111
Trusts for use of grantor void against creditors 38‑10‑111.5
Trusts to establish or maintain eligibility for certain public assistance void - exceptions 38‑10‑112
Void agreements 38‑10‑113
Goods sold at auction - memorandum 38‑10‑114
No delivery or change of possession - effect 38‑10‑115
Creditors defined 38‑10‑116
Lawful agent may subscribe 38‑10‑117
Conveyances to defraud creditors void 38‑10‑118
Grant or assignment of trust 38‑10‑119
Conveyances void against heirs 38‑10‑120
Intent, question of fact - want of consideration 38‑10‑121
Purchaser with notice of fraud 38‑10‑122
Construction of terms 38‑10‑123
Term conveyance, how construed 38‑10‑124
Credit agreements - required to be in writing

California:	Codes
Colorado:	C.R.S.
Nevada:	NRS
New York:	Laws
Oregon:	OAR, ORS
Texas:	Statutes
World:	Rome Statute, International Dictionary

C.R.S. Section 38-10-124 Credit agreements

(1)

(a)

(I)

(II)

(III)

(b)

(c)

(d)

(2)

(3)

C.R.S. Section 38-10-124
Credit agreements