{"data":{"id":"us-co/c.r.s.-5-3.1-106","jurisdiction":"us-co","citation":"C.R.S. § 5-3.1-106","heading":"Maximum loan amount - right to rescind.","body":"(1) A lender shall not lend an amount greater than five hundred dollars nor shall the amount financed exceed five hundred dollars by any one lender at any time to a consumer. Nothing in this subsection (1) shall preclude a lender from making more than one loan to a consumer so long as the total amount financed does not exceed five hundred dollars at any one time and there is at least a thirty-day waiting period between loans.\n\n(2) A consumer shall have the right to rescind the deferred deposit loan on or before 5 p.m. the next business day following the loan transaction.","path":["Title 5 - CONSUMER CREDIT CODE","Article 3.1 - Deferred Deposit Loan Act"],"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":"b2b0778ffee436106964cd3a729f9518161991eab3b1b7d88f41c4dbfc5e04cd","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-5-3.1-105","next":"us-co/c.r.s.-5-3.1-107"},"notice":"GroundRules: Original legal text. Not legal advice."}