C.R.S. Section 5-3.1-105
Authorized charges


A lender may charge a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent. If the loan is prepaid prior to the maturity of the loan term, the lender shall refund to the consumer a prorated portion of the finance charge based upon the ratio of time left before maturity to the loan term. A lender may charge only those charges expressly authorized in this article in connection with a deferred deposit loan or payday loan.

Source: Section 5-3.1-105 — Authorized charges, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-05.­pdf (accessed May 26, 2025).

Current through Fall 2025

§ 5-3.1-105. Authorized charges's source at colorado​.gov