C.R.S. Section 5-9.3-102
Applicability

[Editor’s note:
This section is effective January 1, 2024.]

(1)

This article 9.3 applies to every creditor, whether the creditor is an assignee or holder of a finance agreement that includes a GAP agreement. A creditor, assignee, or holder does not have any subrogation rights against the consumer.

(2)

This article 9.3 does not apply to a GAP agreement that is included in:

(a)

A consumer lease;

(b)

A loan that does not involve a consumer as defined in section 4-1-201 (10.5);

(c)

A product that does not meet the definition of a guaranteed asset protection agreement; or

(d)

A transaction that is not subject to the “Uniform Consumer Credit Code”, articles 1 to 9 of this title 5.

Source: Section 5-9.3-102 — Applicability, 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

§ 5-9.3-102’s source at colorado​.gov