C.R.S.
Section 5-6-203
Fees
- repeal
(1)
Intentionally left blank —Ed.(a)
A person required to file notification shall, with the first notification on or before July 1, 2024, and on or before July 1 each year thereafter, pay to the administrator a nonrefundable annual notification fee. The administrator may examine the loans, business, and records of such a person without issuance of a subpoena.(b)
Intentionally left blank —Ed.(I)
Notifications issued by the administrator in calendar year 2023 expire on July 1, 2024. The administrator may assess an additional notification fee in January 2024 to cover the direct and indirect costs of administering this section until notification renewals are due July 1, 2024.(II)
This subsection (1)(b) is repealed, effective July 1, 2026.(b)
Intentionally left blank —Ed.(I)
A person that pays a volume fee in calendar year 2023 is not required to pay a renewal of the volume fee until July 1, 2024. The administrator may assess an additional volume fee in January 2024 to cover the direct and indirect costs of administering this section until volume fee renewals are due on July 1, 2024.(II)
This subsection (3)(b) is repealed, effective July 1, 2026.(4)
The administrator shall impose a penalty of five dollars per day on any person that fails to comply with this section. If a person required to file notification and pay a notification fee fails to do so, the consumer has no obligation to pay the finance charge due under the consumer credit transaction, and any finance charges paid shall be refunded to the consumer. In addition, if the administrator examines the loans, business, or records of such person, the person shall pay the reasonable and necessary examination expenses of the administrator.(5)
Repealed.
Source:
Section 5-6-203 — Fees - repeal, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-05.pdf
(accessed Oct. 20, 2023).