C.R.S. Section 5-3.1-121
Unfair or deceptive practices


(1)

No person shall engage in unfair or deceptive acts, practices, or advertising in connection with a deferred deposit loan.

(2)

No person may engage in any device, subterfuge, or pretense to evade the requirements of this article, including making loans disguised as a personal property sale, and leaseback transaction; disguising loan proceeds as a cash rebate for the pretextual installment sale of goods or services; or making, offering, guaranteeing, assisting, or arranging a consumer to obtain a loan with a greater rate of interest, consideration, or charge than is permitted by this article through any method including mail, telephone, internet, or any electronic means regardless of whether the person has a physical location in the state.

Source: Section 5-3.1-121 — Unfair or deceptive practices, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-05.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 5-3.1-121’s source at colorado​.gov