C.R.S. § 5-9.3-102: Applicability.

(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.