C.R.S. Section 5-3.1-109
Form of loan proceeds


A lender may pay the proceeds from a deferred deposit loan to the consumer in the form of a business instrument, money order, cash, stored value card, internet transfer, or authorized automated clearinghouse transaction. The consumer shall not be charged an additional finance charge or fee for cashing the lender’s business instrument or for negotiating forms of loan proceeds other than cash.

Source: Section 5-3.1-109 — Form of loan proceeds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-05.­pdf (accessed May 26, 2025).

Current through Fall 2025

§ 5-3.1-109. Form of loan proceeds's source at colorado​.gov