reglab/housing_qa huggingface dataset:
CO Code § 5-20-112 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-112. Civil Action

  A violation of this part 1 is a deceptive trade practice within the meaning of section 6-1-105.    A student loan servicer who fails to comply with any requirement imposed under this part 1 with respect to a student loan borrower is liable in an amount equal to the sum of:   Any actual damages sustained by the student loan borrower as a result of the failure;    A monetary award equal to three times the total amount the student loan servicer collected from the student loan borrower in violation of this part 1;    Punitive damages as the court may allow; and    In the case of any successful action by a student loan borrower to enforce the liability set out in this section, the costs of the action, together with reasonable attorney fees as determined by the court.       The remedies provided in this section are not the exclusive remedies available to a student loan borrower.     History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1870, § 2, effective August 2. L. 2021: (1), IP(2), and (2)(b) amended,(SB 21-057), ch. 378, p. 2533, § 10, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-113 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-113. Application of Administrative Procedures - Provisions

 Except as otherwise provided, sections 24-4-102 to 24-4-106 apply to and govern all rules promulgated and all administrative action taken by the administrator pursuant to this part 1; except that section 24-4-104 (3) does not apply to any such action.   History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1871, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2533, § 11, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-114 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-114. Administrative Enforcement Orders

  After notice and hearing, the administrator may order a student loan servicer or a person acting in the student loan servicer's behalf to cease and desist from engaging in violations of this part 1 or any rule lawfully adopted or order lawfully issued pursuant to this part 1. The order issued by the administrator may also require the student loan servicer or person to make refunds to persons of unlawful charges under this part 1 and an administrative penalty of up to one thousand five hundred dollars per violation, all or part of which may be specifically designated for consumer and creditor educational purposes.    A respondent aggrieved by an order of the administrator may obtain judicial review of the order in the Colorado court of appeals. The administrator may obtain an order of the court for enforcement of the administrator's order in the district court under section 24-4-106. All proceedings under this section are governed by sections 24-4-105 and 24-4-106.     History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1871, § 2, effective August 2. L. 2021: (1) amended,(SB 21-057), ch. 378, p. 2533, § 12, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-115 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-115. Assurance of Discontinuance

 If it is claimed that a person has violated this part 1, the administrator may accept an assurance in writing that the person will not engage in the conduct in the future. The assurance may also require the person to make refunds to persons of unlawful charges under this part 1, pay a penalty authorized in section 5-20-114 (1) , all or part of which may be specifically designated for consumer and creditor educational purposes, and reimburse the administrator for the administrator's reasonable costs incurred in investigating the conduct. If a person giving an assurance of discontinuance fails to comply with its terms, the assurance is evidence that prior to the assurance the person engaged in the conduct described in the assurance.   History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1871, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2533, § 13, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-116 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-116. Injunctions

 The administrator may bring a civil action to restrain a person from violating this part 1 or rules promulgated pursuant to this part 1 and for other appropriate relief, including such orders or judgments as may be necessary to completely compensate or restore any person affected by the violation to the person's original position. The administrator may also apply for a temporary restraining order or a preliminary injunction against a respondent pending final determination of proceedings. No bond or other security is required of the administrator before relief under this section may be granted.   History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1871, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2533, § 14, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-117 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-117. Civil Actions by the Administrator

 The administrator may bring a civil action against a student loan servicer for any violation of this part 1. An action may relate to transactions with more than one person. The court may order a student loan servicer to refund to a person any charges collected in violation of this part 1 and may also assess civil penalties against the student loan servicer as set forth in section 5-20-112 (2) . If the administrator prevails in an action brought under this section, the administrator may recover reasonable costs in investigating and bringing the action and may recover reasonable attorney fees.   History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1872, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2534, § 15, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-118 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-118. Limitations

 Notwithstanding article 80 of title 13, all actions brought under this part 1 must be commenced within four years after the date on which any violation of this part 1 occurred or the date on which the last in a series of such acts or practices occurred or within four years after the plaintiff discovered or in the exercise of reasonable diligence should have discovered the occurrence of a violation of this part 1; except that the period of limitation provided in this section may be extended for a period of one year if the plaintiff proves that failure to timely commence the action was caused by the defendant engaging in conduct calculated to induce the plaintiff to refrain from or postpone the commencement of the action.   History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1872, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2534, § 16, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-119 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 1 - Colorado Student Loans|§ 5-20-119. Confidential Information

  The administrator shall not make public the name or identity of a person whose acts or conduct the administrator investigates or examines pursuant to this part 1 or the facts disclosed in the investigation or examination.    The administrator may disclose license application and renewal records provided to the administrator and other contents of license records maintained pursuant to this part 1, but the administrator shall not make public the confidential information contained in the records.    The restrictions on the disclosure of information in subsections (1) and (2) of this section do not apply to disclosures by the administrator in actions or administrative enforcement proceedings pursuant to this part 1.     History. Source: L. 2019: Entire article added,(SB 19-002), ch. 157, p. 1872, § 2, effective August 2. L. 2021: Entire section amended,(SB 21-057), ch. 378, p. 2534, § 17, effective June 29.    Editor's note:   Section 19 of chapter 378 (SB 21-057), Session Laws of Colorado 2021, provides that the act changing this section applies to conduct occurring on or after June 29, 2021, including collection of debts arising out of loans issued before June 29, 2021.
CO Code § 5-20-201 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-201. Scope of Part - Construction With Other Laws - Legislative Declaration

 The general assembly finds, determines, and declares that this part 2 is enacted to address issues not fully addressed through the regulation of student loan servicers under part 1 of this article 20. This part 2 is intended to complement, and should be construed in harmony with, part 1 of this article 20 to provide seamless and consistent protection to borrowers whenever possible.   History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2517, § 5, effective June 29.
CO Code § 5-20-205 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-205. Cosigner Release

  A lender shall not impose any restriction that permanently bars a private education loan borrower from qualifying for cosigner release, including restricting the number of times a private education loan borrower may apply for Cosigner release.    A lender shall not impose any negative consequences on a private education loan borrower or cosigner during the sixty days following the issuance of the notice required pursuant to section 5-20-204 (3) or until the lender makes a final determination about a private education loan borrower's cosigner release application, whichever occurs later. As used in this subsection (2), “negative consequences” includes the imposition of additional eligibility criteria, negative credit reporting, lost eligibility for cosigner release, late fees, interest capitalization, or other financial injury.    For any private education loan issued on or after June 29, 2021, a lender shall not require proof of more than twelve consecutive, on-time payments as part of the criteria for cosigner release. A private education loan borrower who has paid the equivalent of twelve months of principal and interest payments within any twelve-month period is deemed to have satisfied the consecutive, on-time payment requirement even if the private education loan borrower has not made payments monthly during the twelve-month period. If a private education loan borrower or cosigner requests a change in terms that restarts the count of consecutive, on-time payments required for cosigner release, the lender shall notify the private education loan borrower and cosigner in writing of the impact of the change and provide the private education loan borrower or cosigner the right to withdraw or reverse the request to avoid that impact.    A private education loan borrower may request an appeal of a lender's determination to deny a request for cosigner release, and the lender shall permit the private education loan borrower to submit additional documentation evidencing the private education loan borrower's ability, willingness, and stability to meet the payment obligations. The private education loan borrower may request that another employee of the lender review the cosigner release determination.    A lender shall establish and maintain a comprehensive record management system reasonably designed to ensure the accuracy, integrity, and completeness of information about cosigner release applications and to ensure compliance with applicable state and federal laws, including the “Equal Credit Opportunity Act,” 15 U.S.C. sec. 1691 et seq., as amended, and the “Fair Credit Reporting Act,” 15 U.S.C. sec. 1681 et seq., as amended. This system must include the number of cosigner release applications received, the approval and denial rate, and the primary reasons for any denial.     History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2521, § 5, effective June 29.
CO Code § 5-20-206 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-206. Cosigner Rights

  A lender shall provide a cosigner with access to all documents or records related to the cosigned private education loan that are available to the private education loan borrower.      If a lender provides electronic access to documents and records for a private education loan borrower, it shall provide equivalent electronic access to the cosigner.    Upon the private education loan borrower's request, the lender shall redact the private education loan borrower's contact information from documents and records provided to a cosigner.       A lender shall not include in a private education loan executed after June 29, 2021, a provision that permits the lender to accelerate payments, in whole or in part, except upon a payment default. A lender shall not place any loan or account into default or accelerate a loan for any reason other than payment default.    A private education loan executed before June 29, 2021, may permit the lender to accelerate payments only if the promissory note or loan agreement explicitly authorizes an acceleration and only for the reasons stated in the note or agreement.      History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2522, § 5, effective June 29.
CO Code § 5-20-207 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-207. Bankruptcy or Death of Cosigner

  If a cosigner dies, the lender shall not attempt to collect against the cosigner's estate other than for payment default.    With regard to the death or bankruptcy of a cosigner, if a private education loan is not more than sixty days delinquent at the time the lender is notified of the cosigner's death or bankruptcy, the lender shall not change any terms or benefits under the promissory note, repayment schedule, repayment terms, or monthly payment amount or any other provision associated with the loan.     History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2523, § 5, effective June 29.
CO Code § 5-20-208 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-208. Total and Permanent Disability of the Private Education Loan Borrower or Cosigner

  For any private education loan issued on or after June 29, 2021, a private education lender, when notified of the total and permanent disability of a private education loan borrower or cosigner, shall release any cosigner from the obligations of the cosigner under a private education loan. The lender shall not attempt to collect a payment from a cosigner following a notification of total and permanent disability of the private education loan borrower or cosigner.    A lender shall, when notified of the total and permanent disability of a private education loan borrower, discharge the liability of the private education loan borrower and cosigner on the loan.    After receiving a notification described in subsection (2) of this section, the lender shall not:   Attempt to collect on the outstanding liability of the private education loan borrower or cosigner; or    Monitor the disability status of the private education loan borrower at any point after the date of discharge.       A lender shall, within thirty days after the release of either a cosigner or private education loan borrower from the obligations of a private education loan pursuant to subsection (1) or (2) of this section, notify both the private education loan borrower and cosigner of the release.    A lender shall, within thirty days after receiving notice of the total and permanent disability of a private education loan borrower pursuant to subsection (1) of this section, provide the private education loan borrower an option to designate an individual to have the legal authority to act on behalf of the private education loan borrower.    If a cosigner is released from the obligations of a private education loan pursuant to subsection (1) of this section, the lender shall not require the private education loan borrower to obtain another cosigner on the loan obligation.    A lender shall not declare a default or accelerate the debt against the private education loan borrower on the sole basis of the release of the cosigner from the loan obligation due to total and permanent disability pursuant to subsection (1) of this section.     History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2523, § 5, effective June 29.
CO Code § 5-20-209 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-209. Refinancing - Additional Disclosures - Limitations on Default Pending Approval

  Before offering a person a private education loan that is being used to refinance an existing education loan, a private education lender shall provide the person a disclosure explaining that benefits and protections applicable to the existing loan may be lost due to the refinancing. The disclosure must be provided on a one-page information sheet in at least twelve-point type and must be written in simple, clear, understandable, and easily readable language.    If a private education lender offers any private education loan borrower modified or flexible repayment options in connection with a private education loan, the lender shall offer those modified or flexible repayment options to all of its private education loan borrowers. In addition, the lender shall:   Provide on its website a description of any modified or flexible repayment options offered by the lender for private education loans;    Establish policies and procedures and implement modified or flexible repayment options consistently in order to facilitate the evaluation of private education loan modified or flexible repayment option requests, including providing accurate information regarding any such options that may be available to the private education loan borrower through the promissory note or that may have been marketed to the private education loan borrower through marketing materials; and    Consistently present and offer private education loan modified or flexible repayment options to private education loan borrowers with similar financial circumstances, if the lender offers such repayment options.       A private education lender shall not place a loan or account into default or accelerate a loan while a private education loan borrower is seeking a loan modification or enrollment in a modified or flexible repayment plan; except that a lender may place a loan or account into default or accelerate a loan for payment default ninety days after the private education loan borrower's default.     History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2524, § 5, effective June 29.
CO Code § 5-20-210 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 20 - Colorado Student Loan Servicers|Part 2 - Private Student Education Lenders|§ 5-20-210. Prohibited Conduct

  A private education lender shall not:   Offer any private education loan that is not in conformity with this part 2 or rules or orders of the administrator under this part 2 or that violates any other state or federal law;    Engage in any unfair, deceptive, or abusive act or practice;      Take an assignment of earnings of the borrower or cosigner for payment or as a security for payment of a debt arising out of a private education loan. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the borrower or cosigner. (c) (I) Take an assignment of earnings of the borrower or cosigner for payment or as a security for payment of a debt arising out of a private education loan. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the borrower or cosigner.    A sale of unpaid earnings made in consideration of the payment of money to or for the account of the seller of the earnings is deemed to be a loan to the seller, secured by an assignment of earnings.       Make, advertise, print, display, publish, distribute, electronically transmit, telecast, or broadcast, in any manner, any statement or representation that is false, misleading, or deceptive.         History. Source: L. 2021: Entire part added,(SB 21-057), ch. 378, p. 2525, § 5, effective June 29.