reglab/housing_qa huggingface dataset:
CO Code § 5-3.5-101 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 1 - Obligor Protection|§ 5-3.5-101. Definitions

 As used in this article, unless the context otherwise requires:    “Bridge loan” means temporary or short-term financing with a maturity of less than eighteen months that requires payments of only interest until the entire unpaid balance is due and payable.    “Covered loan” means a consumer credit transaction secured by property located within this state that is considered a mortgage under section 152 of the federal “Home Ownership and Equity Protection Act of 1994”, 15 U.S.C. sec. 1602 (aa), as amended, and regulations adopted pursuant thereto by the federal reserve board, including, without limitation, 12 CFR 226.32, as amended; except that, if the total points and fees paid by the obligor at or before closing exceed six percent of the total loan amount, such loan shall be deemed to be a covered loan if the transaction otherwise meets the requirements of this subsection (2).    “Lender” means any individual or entity that originates one or more covered loans. The individual or entity to whom a covered loan is initially payable, either on the face of the note or contract or by agreement when there is no note or contract, shall be deemed to be the lender.    “Mortgage broker” means a person other than an employee or exclusive agent of a lender who, for compensation, brings an obligor and lender together to obtain a covered loan.    “Obligor” means each obligor, co-obligor, co-signer, or grantor obligated to repay a covered loan.    “Political subdivision” means a county, city and county, city, town, service authority, school district, local improvement district, law enforcement authority, city or county housing authority, or water, sanitation, fire protection, metropolitan, irrigation, drainage, or other special district or any other kind of municipal, quasi-municipal, or public corporation organized pursuant to law.    “Principal balance” means the amount financed plus prepaid finance charges as defined in the federal “Truth in Lending Act”, 15 U.S.C. sec. 1601 et seq., as amended.    “Servicer” has the same meaning as set forth in section 2605 (i)(2) of the federal “Real Estate Settlement Procedures Act of 1974”, 12 U.S.C. sec. 2601 et seq., as amended.     History. Source: L. 2002: Entire article added, p. 1594, § 1, effective June 7. L. 2003: (2) amended, p. 1894, § 8, effective July 1.
CO Code § 5-3.5-104 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 1 - Obligor Protection|§ 5-3.5-104. Reporting to Credit Bureaus

 A lender or its servicer shall report at least quarterly both the favorable and unfavorable payment history information of the obligor on payments due to the lender on a covered loan to a nationally recognized consumer credit reporting agency. This section shall not prevent a lender or its servicer from agreeing with the obligor not to report specified payment history information in the event of a resolved or unresolved dispute with an obligor, and shall not apply to covered loans held or serviced by a lender for less than ninety days.   History. Source: L. 2002: Entire article added, p. 1600, § 1, effective June 7.
CO Code § 5-3.5-201 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 2 - Enforcement and Liability|§ 5-3.5-201. Enforcement - Liability

 The attorney general and any obligor of a covered loan may enforce this article with respect to such covered loan in the manner provided for violations of the federal “Home Ownership and Equity Protection Act of 1994”, 15 U.S.C. sec. 1639, and regulations adopted pursuant thereto by the federal reserve board, including, without limitation, 12 CFR 226.32, as set forth in the federal “Truth in Lending Act”, 15 U.S.C. sec. 1640, and regulations adopted pursuant thereto by the federal reserve board, including the provisions on civil liability, class actions, rescission, correction, and bona fide error. Persons engaged in the purchase, sale, assignment, securitization, or servicing of covered loans shall be liable under this article for the action or inaction of persons originating such loans only in the manner and to the extent provided for violation of the federal “Home Ownership and Equity Protection Act of 1994” and the federal “Truth in Lending Act”, 15 U.S.C. sec. 1641, and regulations adopted pursuant thereto by the federal reserve board.   History. Source: L. 2002: Entire article added, p. 1600, § 1, effective June 7.
CO Code § 5-3.5-301 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 3 - Miscellaneous Provisions|§ 5-3.5-301. Effective Date - Applicability

 Section 5-3.5-303 is intended to restate and confirm the existing law of this state, namely that the laws of this state relating to the financial and lending activities are to be applied on a uniform, statewide basis. Parts 1 and 2 of this article shall take effect January 1, 2003. This part 3 shall take effect upon passage. This article shall apply to covered loans offered or entered into on or after January 1, 2003.   History. Source: L. 2002: Entire article added, p. 1601, § 1, effective June 7.
CO Code § 5-3.5-302 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 3 - Miscellaneous Provisions|§ 5-3.5-302. Severability

 The provisions of this article are severable and if any of its provisions are held unconstitutional, the decision of the court shall not affect or impair any of the remaining provisions of this article. It is hereby declared to be the legislative intent that this article would have been adopted if the unconstitutional provisions had not been included.   History. Source: L. 2002: Entire article added, p. 1601, § 1, effective June 7.
CO Code § 5-3.5-303 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 3.5 - Consumer Equity Protection|Part 3 - Miscellaneous Provisions|§ 5-3.5-303. Relationship to Other Laws

  General rule. All political subdivisions of this state, including municipalities, shall be prohibited from enacting and enforcing ordinances, resolutions, and regulations pertaining to lending activities.    Preemption. Any provision of this article preempted by federal law with respect to a national bank or federal savings association shall also, to the same extent, not apply to an operating subsidiary of a national bank or federal savings association that satisfies the requirements for operating subsidiaries established in 12 CFR 5.34, relating to operating subsidiaries, or 12 CFR 559.3, relating to the characteristics of and requirements for subordinate organizations of federal savings associations, nor to a bank chartered under the laws of Colorado or any operating subsidiary of such a state chartered bank.    Interpretation. The provisions of this article shall be interpreted and applied to the fullest extent practical in a manner consistent with applicable federal laws and regulations, and shall not be deemed to constitute an attempt to override federal law.     History. Source: L. 2002: Entire article added, p. 1601, § 1, effective June 7.
CO Code § 5-4-101 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-101. Short Title

 This article shall be known and may be cited as “Uniform Consumer Credit Code - Insurance”.   History. Source: L. 2000: Entire article R&RE, p. 1225, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-101 , as it existed prior to 2000.
CO Code § 5-4-102 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-102. Scope - Relation to Credit Insurance Act - Applicability to Parties

  This article applies to insurance provided or to be provided in relation to a consumer credit transaction.    This article supplements and does not repeal the “Credit Insurance Act”, article 10 of title 10, C.R.S. The provisions of this code concerning administrative controls, liabilities, and penalties do not apply to persons acting as insurers, and the similar provisions of the “Credit Insurance Act” do not apply to creditors and consumers.     History. Source: L. 2000: Entire article R&RE, p. 1225, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-102 , as it existed prior to 2000.
CO Code § 5-4-103 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-103. Definitions - “Consumer Credit Insurance” - “Credit Insurance Act”

 As used in this code, unless the context otherwise requires:    “Consumer credit insurance” means insurance, other than insurance on property, by which the satisfaction of debt in whole or in part is a benefit provided but does not include:   Insurance, as to which a finance charge is imposed and provided in relation to a credit transaction in which a payment is scheduled more than ten years after the extension of credit;    Insurance issued as an isolated transaction on the part of the insurer not related to an agreement or plan for insuring consumers of the creditor; or    Insurance indemnifying the creditor against loss due to the consumer's default.       “Credit Insurance Act” means the “Credit Insurance Act”, article 10 of title 10, C.R.S.     History. Source: L. 2000: Entire article R&RE, p. 1225, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-103 , as it existed prior to 2000.
CO Code § 5-4-104 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-104. Creditor's Provision of and Charge for Insurance - Excess Amount of Charge

  Except as otherwise provided in this article and subject to the provisions on additional charges contained in section 5-2-202 and maximum charges contained in section 5-2-201, a creditor may agree to provide insurance and may contract for and receive a charge for insurance separate from and in addition to other charges. A creditor need not make a separate charge for insurance provided or required by the creditor. This code does not authorize the issuance of any insurance prohibited under any statute, or rule thereunder, governing the business of insurance.    The excess amount of a charge for insurance provided for in agreements in violation of this article is an excess charge for the purposes of:   The provisions on remedies and penalties contained in article 5 of this title as to effect of violations on rights of parties under section 5-5-201; and    The provisions on administration contained in article 6 of this title as to civil actions by the administrator under section 5-6-114.        History. Source: L. 2000: Entire article R&RE, p. 1225, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-104 , as it existed prior to 2000.
CO Code § 5-4-105 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-105. Conditions Applying to Insurance to Be Provided by Creditor

  If a creditor agrees with a consumer to provide insurance:   The insurance shall be evidenced by an individual policy or certificate of insurance delivered to the consumer or sent to the consumer at his or her address as stated by the consumer within thirty days after the term of the insurance commences under the agreement between the creditor and consumer; or    The creditor shall promptly notify the consumer of any failure or delay in providing the insurance.        History. Source: L. 2000: Entire article R&RE, p. 1226, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-105 , as it existed prior to 2000.
CO Code § 5-4-106 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-106. Unconscionability

  In applying the provisions of this code on unconscionability contained in sections 5-5-109 and 5-6-112 to a separate charge for insurance, consideration shall be given, among other factors, to:   Potential benefits to the consumer including the satisfaction of the consumer's obligations;    The creditor's need for the protection provided by the insurance; and    The relation between the amount and terms of credit granted and the insurance benefits provided.       If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.     History. Source: L. 2000: Entire article R&RE, p. 1226, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-106 , as it existed prior to 2000.
CO Code § 5-4-107 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-107. Maximum Charge by Creditor for Insurance

  Except as provided in subsection (2) of this section, if a creditor contracts for or receives a separate charge for insurance, the amount charged to the consumer for the insurance may not exceed the premium to be charged by the insurer as computed at the time the charge to the consumer is determined conforming to any rate filings required by law and made by the insurer with the commissioner of insurance.    A creditor who provides consumer credit insurance in relation to a revolving credit account may calculate the charge to the consumer in each billing cycle by applying the current premium rate to:   The average daily unpaid balance of the debt in the cycle;    The unpaid balance of the debt or a median amount within a specified range of unpaid balances of debt on approximately the same day of the cycle. The day of the cycle need not be the day used in calculating the finance charge, but the specified range shall be the range used for that purpose; or    The unpaid balances of the amount financed calculated according to the actuarial method.        History. Source: L. 2000: Entire article R&RE, p. 1227, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-107 , as it existed prior to 2000.
CO Code § 5-4-109 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-109. Existing Insurance - Choice of Insurer

 If a creditor requires insurance, upon notice to the creditor the consumer shall have the option of providing the required insurance through an existing policy of insurance owned or controlled by the consumer or through a policy to be obtained and paid for by the consumer, but the creditor may for reasonable cause decline the insurance provided by the consumer.   History. Source: L. 2000: Entire article R&RE, p. 1229, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-109 , as it existed prior to 2000.
CO Code § 5-4-110 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-110. Charge for Insurance in Connection With a Deferral, Refinancing, or Consolidation - Duplicate Charges

  A creditor may not contract for or receive a separate charge for insurance in connection with a deferral described in section 5-2-204, a refinancing described in section 5-2-205, or a consolidation described in section 5-2-206 unless:   The consumer agrees at or before the time of the deferral, refinancing, or consolidation that the charge may be made;    The consumer is or is to be provided with insurance for an amount or a term, or insurance of a kind, in addition to that to which the consumer would have been entitled had there been no deferral, refinancing, or consolidation;    The consumer receives a refund or credit on account of any unexpired term of existing insurance in the amount that would be required if the insurance were terminated under section 5-4-108; and    The charge does not exceed the amount permitted under section 5-4-107.       A creditor may not contract for or receive a separate charge for insurance that duplicates insurance with respect to which the creditor has previously contracted for or received a separate charge.     History. Source: L. 2000: Entire article R&RE, p. 1229, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-110 , as it existed prior to 2000.
CO Code § 5-4-111 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-111. Cooperation Between Administrator and Commissioner of Insurance

 The administrator and the commissioner of insurance are authorized and directed to consult and assist one another in maintaining compliance with this article. They may jointly pursue investigations, prosecute suits, and take other official action, as may seem to them appropriate, if either of them is otherwise empowered to take the action. If the administrator is informed of a violation or suspected violation by an insurer of this article or of the insurance laws, rules, and regulations of this state, the administrator shall advise the commissioner of insurance of the circumstances.   History. Source: L. 2000: Entire article R&RE, p. 1229, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-111 , as it existed prior to 2000.
CO Code § 5-4-112 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 1 - Insurance in General|§ 5-4-112. Administrative Action of Commissioner of Insurance

  To the extent that the commissioner's responsibility under this article requires, the commissioner of insurance shall promulgate rules in accordance with article 4 of title 24, C.R.S., with respect to insurers, and with respect to refunds described in section 5-4-108, and, in case of violation, may make an order for compliance.    Sections 24-4-102 to 24-4-106, C.R.S., apply to and govern all administrative action taken by the commissioner of insurance pursuant to this section.     History. Source: L. 2000: Entire article R&RE, p. 1230, § 1, effective July 1. L. 2003: (1) amended, p. 1895, § 11, effective July 1.    Editor's note:   This section is similar to former § 5-4-112 , as it existed prior to 2000.
CO Code § 5-4-201 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 2 - Consumer Credit Insurance|§ 5-4-201. Term of Insurance

  Consumer credit insurance provided by a creditor may be subject to the furnishing of evidence of insurability satisfactory to the insurer. Whether or not such evidence is required, the term of the insurance shall commence no later than when the consumer becomes obligated to the creditor or when the consumer applies for the insurance, whichever is later, except as follows:   If any required evidence of insurability is not furnished until more than thirty days after the term would otherwise commence, the term may commence on the date when the insurer determines the evidence to be satisfactory; or    If the creditor provides insurance not previously provided covering debts previously created, the term may commence on the effective date of the policy.       The originally scheduled term of the insurance shall extend at least until the due date of the last scheduled payment of the debt except as follows:   If the insurance relates to a revolving credit account, the term need extend only until the payment of the debt under the account and may be sooner terminated after at least thirty days' notice to the consumer; or    If the consumer is advised in writing that the insurance will be written for a specified shorter time, the term need extend only until the end of the specified time.       The term of the insurance shall not extend more than thirty days after the originally scheduled due date of the last scheduled payment of the debt unless it is extended without additional cost to the consumer or as an incident to a deferral, refinancing, or consolidation.     History. Source: L. 2000: Entire article R&RE, p. 1230, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-201 , as it existed prior to 2000.
CO Code § 5-4-202 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 2 - Consumer Credit Insurance|§ 5-4-202. Amount of Insurance

  Except as provided in subsection (2) of this section:   In the case of consumer credit insurance providing life coverage, the amount of insurance may not initially exceed the debt and, if the debt is payable in installments, may not at any time exceed the greater of the scheduled or actual amount of the debt; or    In the case of any other consumer credit insurance, the total amount of periodic benefits payable may not exceed the total of scheduled unpaid installments of the debt, and the amount of any periodic benefit may not exceed the original amount of debt divided by the number of periodic installments in which it is payable.       If consumer credit insurance is provided in connection with a revolving credit account, the amounts payable as insurance benefits may be reasonably commensurate with the amount of debt as it exists from time to time. If consumer credit insurance is provided in connection with a commitment to grant credit in the future, the amounts payable as insurance benefits may be reasonably commensurate with the total from time to time of the amount of debt and the amount of the commitment.     History. Source: L. 2000: Entire article R&RE, p. 1231, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-202 , as it existed prior to 2000.
CO Code § 5-4-203 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 2 - Consumer Credit Insurance|§ 5-4-203. Filing and Approval of Rates and Forms

  A creditor may not use a form or charge in connection with credit insurance that does not comply with section 10-10-109, C.R.S.    and (3) (Deleted by amendment,L. 2003, p. 1895, § 12, effective July 1, 2003.)     History. Source: L. 2000: Entire article R&RE, p. 1231, § 1, effective July 1. L. 2001: (2) amended, p. 894, § 5, effective June 1. L. 2003: Entire section amended, p. 1895, § 12, effective July 1.    Editor's note:   This section is similar to former § 5-4-203 , as it existed prior to 2000.
CO Code § 5-4-301 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 4 - Insurance|Part 3 - Property and Liability Insurance|§ 5-4-301. Property Insurance

  A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless:   The insurance covers a substantial risk of loss of or damage to property related to the credit transaction;    The amount, terms, and conditions of the insurance are reasonable in relation to the character and value of the property insured or to be insured; and    The term of the insurance is reasonable in relation to the terms of credit.       The term of the insurance is reasonable if it is customary and does not extend substantially beyond a scheduled maturity.    A creditor may not contract for or receive a separate charge for insurance against loss of or damage to property unless the amount financed exclusive of charges for the insurance is one thousand dollars or more and the value of the property is one thousand dollars or more.     History. Source: L. 2000: Entire article R&RE, p. 1232, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-4-301 , as it existed prior to 2000.   ANNOTATION   Law reviews. For article, “The Revolution in Consumer Credit Legislation”, see 45 Den. L.J. 679 (1968).