{"data":{"id":"us-co/c.r.s.-5-9.3-108","jurisdiction":"us-co","citation":"C.R.S. § 5-9.3-108","heading":"Prohibitions on sale of guaranteed asset protection agreements.","body":"(1) A GAP agreement shall not be sold to a consumer if:\n\n(a) The consumer is ineligible for a GAP agreement;\n\n(b) The finance agreement terms preclude coverage under a GAP agreement;\n\n(c) The motor vehicle used as collateral for the finance agreement is ineligible for coverage under a GAP agreement;\n\n(d) The GAP agreement limits coverage to a maximum loan-to-value ratio and the terms of the finance agreement exceed the maximum loan-to-value ratio stated in the GAP agreement;\n\n(e) The maximum loan-to-value ratio in the GAP agreement exceeds one hundred fifty percent; or\n\n(f) The transaction would be unconscionable as described in section 5-4-106, 5-5-109, or 5-6-112.","path":["Title 5 - CONSUMER CREDIT CODE","Article 9.3 - Guaranteed Asset Protection Agreements"],"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":"33f61182c6451178537bd00e85fea1db50e9da3986626fe22c1e67d30f03f317","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-5-9.3-107","next":"us-co/c.r.s.-5-9.3-109"},"notice":"GroundRules: Original legal text. Not legal advice."}