C.R.S. § 5-3.1-104: Notice to consumers.
Where this section sits in the code
- Title 5 - CONSUMER CREDIT CODE
- Article 3.1 - Deferred Deposit Loan Act
A lender shall provide the following notice in a prominent place on each loan agreement in at least ten-point type:
A DEFERRED DEPOSIT LOAN IS NOT INTENDED TO MEET LONG-TERM FINANCIAL NEEDS.
A DEFERRED DEPOSIT LOAN SHOULD BE USED ONLY TO MEET SHORT-TERM CASH NEEDS.
RENEWING THE DEFERRED DEPOSIT LOAN RATHER THAN PAYING THE DEBT IN FULL WILL REQUIRE ADDITIONAL FINANCE CHARGES.
Collected 2026-09-14T18:37:45Z. Source file · JSON