C.R.S. Section 5-16-111.5
Fees, costs, and costs of collection

  • limitation

(1)

Except as described in subsection (2) of this section, a private collection agency or privately retained attorney collecting on any debt arising from past-due orders, obligations, fines, or fees due to the state, or due to any political subdivision within the state, may add to the amount due that has been placed for collection all fees, costs, and costs of collection, including designated contractual attorney fees and costs that are awarded by a court of competent jurisdiction. Exclusive of the accrual of interest and court costs, any fees, costs, and costs of collection may not exceed eighteen percent in the aggregate unless additional reasonable attorney fees are awarded by a court of competent jurisdiction.

(2)

Subsection (1) of this section does not apply if the state or political subdivision of the state has sold the debt to a third party.

(3)

Notwithstanding section 24-1-136 (11)(a)(I), on or before January 1, 2023, and on or before January 1 every five years thereafter, the state auditor shall review the rate described in subsection (1) of this section and the fee described in section 24-30-202.4 (8)(a) and report the results of his or her review to the finance committees of the senate and the house of representatives or any successor committees. The report may include any recommendations of the state auditor regarding raising or lowering the rate or the fee.

Source: Section 5-16-111.5 — Fees, costs, and costs of collection - limitation, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-05.­pdf (accessed Oct. 20, 2023).

5‑16‑101
Short title 5‑16‑102
Scope of article 5‑16‑103
Definitions 5‑16‑104
Location information - acquisition 5‑16‑105
Communication in connection with debt collection - definition - repeal 5‑16‑106
Harassment or abuse 5‑16‑107
False or misleading representations - repeal 5‑16‑108
Unfair practices 5‑16‑109
Validation of debts 5‑16‑109.5
Medical debt - requirements related to payment plans - collection prohibited during health insurance appeals - definition 5‑16‑110
Multiple debts 5‑16‑111
Legal actions by collection agencies 5‑16‑111.5
Fees, costs, and costs of collection - limitation 5‑16‑112
Deceptive forms 5‑16‑113
Civil liability 5‑16‑114
Administrative enforcement - rules 5‑16‑115
License - registration - unlawful acts 5‑16‑117
Powers and duties of the administrator 5‑16‑118
Collection agency license - required 5‑16‑119
Collection agency license - requirements - application - fee - expiration - definition 5‑16‑120
License - issuance - grounds for denial - appeal - contents 5‑16‑121
Collection agency license - renewals 5‑16‑122
Collection agency license - notification of change and reapplication requirements 5‑16‑123
Duties of collection agencies 5‑16‑124
Bond - definition 5‑16‑125
Unlawful acts 5‑16‑125.5
Statute of limitations - actions by administrator 5‑16‑126
Criminal penalties 5‑16‑127
Complaint - investigations - powers of administrator - sanctions 5‑16‑128
Debt collectors for the department of personnel - complaint - disciplinary procedures 5‑16‑129
Records 5‑16‑130
Jurisdiction of courts 5‑16‑131
Duty of district attorney 5‑16‑132
Remedies 5‑16‑133
Injunction - receiver 5‑16‑134
Disposition of fees and fines - repeal 5‑16‑134.5
Debts sold or resold after January 1, 2018 5‑16‑135
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 5-16-111.5’s source at colorado​.gov