{"data":{"id":"us-co/c.r.s.-5-2-301","jurisdiction":"us-co","citation":"C.R.S. § 5-2-301","heading":"Authority to make supervised loans.","body":"(1) Unless a person is a supervised financial organization or has first obtained a license from the administrator authorizing the person to make supervised loans, the person shall not engage in the business of:\n\n(a) Making supervised loans or undertaking direct collection of payments from or enforcement of rights against consumers arising from supervised loans he or she has previously made; or\n\n(b) Taking assignments of and undertaking direct collection of payments from or enforcement of rights against consumers arising from supervised loans, including servicing supervised loans; except that a person who is licensed by the administrator as a collection agency pursuant to article 16 of this title 5 or is licensed by the Colorado supreme court to practice law and who takes assignment of supervised loans only after such loans are in default is not required to obtain a supervised lender license to engage in the activities described in this subsection (1)(b).","path":["Title 5 - CONSUMER CREDIT CODE","Article 2 - Finance Charges and Related Provisions","Part 3 - SUPERVISED LOANS AND SUPERVISED LENDERS"],"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":"b1bbdb59804fa3958ddafe597dad37dc6f268c1252d8da9d18b8e125e93bf0a0","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-5-2-214","next":"us-co/c.r.s.-5-2-302"},"notice":"GroundRules: Original legal text. Not legal advice."}