C.R.S. § 5-3-107: Disclosures for consumer credit sale secured by a motor vehicle.
Where this section sits in the code
- Title 5 - CONSUMER CREDIT CODE
- Article 3 - Regulation of Agreements and Practices
- Part 1 - DISCLOSURES, NOTICES, RECORDS, AND ADVERTISING
If the property that secures a consumer credit sale includes a motor vehicle and the written agreement does not provide for automobile liability insurance, the following clause shall be in the written agreement in capital letters and bold-face type: "THIS CONTRACT DOES NOT PROVIDE FOR AUTOMOBILE LIABILITY INSURANCE, AND SAID BUYER ALSO STATES THAT HE OR SHE HAS/DOES NOT HAVE (strike words not applicable) IN EFFECT AN AUTOMOBILE LIABILITY POLICY AS DEFINED IN SECTION 42-7-103 (2), COLORADO REVISED STATUTES, ON THE MOTOR VEHICLE SOLD BY THIS CONTRACT."
Collected 2026-09-14T18:37:45Z. Source file · JSON