{"data":{"id":"us-co/c.r.s.-5-1-102","jurisdiction":"us-co","citation":"C.R.S. § 5-1-102","heading":"Purposes - rules of construction.","body":"(1) This code shall be liberally construed and applied to promote its underlying purposes and policies.\n\n(2) The underlying purposes and policies of this code are:\n\n(a) To simplify, clarify, and modernize the law governing retail installment sales, consumer credit, small loans, and usury;\n\n(b) To provide rate ceilings to assure an adequate supply of credit to consumers;\n\n(c) To further consumer understanding of the terms of credit transactions and to foster competition among suppliers of consumer credit so that consumers may obtain credit at reasonable cost;\n\n(d) To protect consumer buyers, lessees, and borrowers against unfair practices by some suppliers of consumer credit, having due regard for the interests of legitimate and scrupulous creditors;\n\n(e) To permit and encourage the development of fair and economically sound consumer credit practices;\n\n(f) To conform the regulation of consumer credit transactions to the policies of the federal \"Truth in Lending Act\" and the federal \"Consumer Leasing Act\"; and\n\n(g) To make uniform the law, including administrative rules, among the various jurisdictions.\n\n(3) A reference to a requirement imposed by this code includes reference to a related rule of the administrator adopted pursuant to this code.","path":["Title 5 - CONSUMER CREDIT CODE","Article 1 - General Provisions and Definitions","Part 1 - SHORT TITLE, CONSTRUCTION, GENERAL PROVISIONS"],"source_url":"https://olls.info/crs/crs2026-title-05.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"63f1a434ce9cfec5d430c13e3c02df28a49e33cd884dafcf863c3d0c343744b1","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-5-1-101","next":"us-co/c.r.s.-5-1-103"},"notice":"GroundRules: Original legal text. Not legal advice."}