reglab/housing_qa huggingface dataset:
CO Code § 5-1-303 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 1 - General Provisions and Definitions|Part 3 - Definitions|§ 5-1-303. Index of Definitions in Code

 Definitions in this code and the sections in which they appear are:    “Actuarial method” section 5-1-301 (1) “Administrator” and sections 5-1-301 (2) 5-6-103 “Agreement” section 5-1-301 (3) “Agricultural purpose” section 5-1-301 (4) “Amount financed” section 5-1-301 (5) “Business day” section 5-1-301 (6) “Cash price” section 5-1-301 (7) “Closing costs” section 5-1-301 (8) “Conspicuous” section 5-1-301 (9) “Consumer” section 5-1-301 (10) “Consumer credit insurance” section 5-4-103 (1) “Consumer credit sale” section 5-1-301 (11) “Consumer credit transaction” section 5-1-301 (12) “Consumer insurance premium loan” section 5-1-301 (13) “Consumer lease” section 5-1-301 (14) “Consumer loan” section 5-1-301 (15) “Credit” section 5-1-301 (16) “Credit card bank or financial institution” section 5-2-213 (1) “Creditor” section 5-1-301 (17) “Dwelling” section 5-1-301 (18) “Earnings” section 5-1-301 (19) “Federal ‘Truth in Lending Act'” and “Federal ‘Consumer Leasing Act'” section 5-1-302 “Finance charge” section 5-1-301 (20) “Goods” section 5-1-301 (21) “Home solicitation sale” section 5-3-401 “Investment purpose” section 5-1-301 (22) “Lender” section 5-1-301 (23) “Lender credit card or similar arrangement” section 5-1-301 (24) “Loan” section 5-1-301 (25) “Loan primarily secured by an interest in land” section 5-1-301 (26) “Material disclosures” section 5-1-301 (27) “Merchandise certificate” section 5-1-301 (28) “Mobile home” section 5-1-301 (29) “Official fees” section 5-1-301 (30) “Organization” section 5-1-301 (31) “Payable in installments” section 5-1-301 (32) “Person” section 5-1-301 (33) “Person related to” section 5-1-301 (34) “Precomputed” section 5-1-301 (35) “Presumed” or “Presumption” section 5-1-301 (36) “Receive” section 5-1-201 (10) “Regularly” section 5-1-301 (37) “Residence” section 5-1-201 (6) “Revolving credit” section 5-1-301 (38) “Sale of goods” section 5-1-301 (39) “Sale of an interest in land” section 5-1-301 (40) “Sale of services” section 5-1-301 (41) “Seller” section 5-1-301 (42) “Seller credit card” section 5-1-301 (43) “Services” section 5-1-301 (44) “Supervised financial organization” section 5-1-301 (45) “Supervised lender” section 5-1-301 (46) “Supervised loan” section 5-1-301 (47) “Written” or “In writing” section 5-1-301 (48)   History. Source: L. 2000: Entire article R&RE, p. 1194, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-1-303 , as it existed prior to 2000.
CO Code § 5-2-102 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 1 - General Provisions|§ 5-2-102. Scope

 For purposes of this article, “consumer credit transaction” applies to consumer loans, including supervised loans, consumer credit sales, and refinancing and consolidations of these transactions but does not include consumer leases except for the charges and procedures in sections 5-2-202 and 5-2-203 . The provisions concerning credit card surcharges contained in section 5-2-212 apply to all sales and leases.   History. Source: L. 2000: Entire article R&RE, p. 1195, § 1, effective July 1. L. 2009: Entire section amended,(HB 09-1141), ch. 41, p. 157, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-102 , as it existed prior to 2000.
CO Code § 5-2-204 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-204. Deferral Charges

  With respect to a precomputed consumer credit transaction, the parties before or after default may agree in writing to a deferral of all or part of one or more unpaid installments, and the creditor may make and collect a charge not exceeding the rate previously stated to the consumer pursuant to the provisions on disclosure contained in section 5-3-101 applied to the amount or amounts deferred for the period of deferral calculated without regard to differences in the lengths of months, but proportionally for a part of a month, counting each day as one-thirtieth of a month. A deferral charge may be collected at the time it is assessed or at any time thereafter.    The creditor, in addition to the deferral charge, may make appropriate additional charges described in section 5-2-202, and the amount of these charges that is not paid in cash may be added to the amount deferred for the purpose of calculating the deferral charge.    The parties may agree in writing at the time of a precomputed consumer credit transaction that, if an installment is not paid within ten days after its due date, the creditor may unilaterally grant a deferral and make charges as provided in this section. No deferral charge may be made for a period after the date that the creditor elects to accelerate the maturity of the agreement.    A delinquency charge made by the creditor on an installment may not be retained if a deferral charge is made pursuant to this section with respect to the period of delinquency.    A deferral charge made according to this section is earned pro rata during the period in which no installment is scheduled to be paid by reason of the deferral and is fully earned on the last day of that period.     History. Source: L. 2000: Entire article R&RE, p. 1200, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-204 , as it existed prior to 2000.
CO Code § 5-2-205 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-205. Finance Charge on Refinancing

  With respect to a consumer credit transaction, the creditor may by agreement with the consumer refinance the unpaid balance and may contract for and receive a finance charge based on the amount financed resulting from the refinancing at a rate not exceeding that permitted by the provisions on finance charges. For the purpose of determining the finance charge permitted, the amount financed resulting from the refinancing comprises the following:   If the transaction was not precomputed, the total of the unpaid balance and the accrued charges on the date of the refinancing, or, if the transaction was precomputed, the amount that the consumer would have been required to pay upon prepayment pursuant to the provisions on rebate upon prepayment contained in section 5-2-211 on the date of refinancing; except that, for the purpose of computing this amount, no minimum charge described in section 5-2-201 shall be allowed; and    Appropriate additional charges described in section 5-2-202, payment of which is deferred.        History. Source: L. 2000: Entire article R&RE, p. 1200, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-205 , as it existed prior to 2000.
CO Code § 5-2-206 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-206. Finance Charge on Consolidation

 If a consumer owes an unpaid balance to a creditor with respect to a consumer credit transaction and becomes obligated on another consumer credit transaction with the same creditor, the parties may agree to a consolidation resulting in a single schedule of payments. If the previous consumer credit transaction was not precomputed, the parties may agree to add the unpaid amount of the amount financed and accrued charges on the date of consolidation to the amount financed with respect to the subsequent consumer credit transaction. If the previous consumer credit transaction was precomputed, the parties may agree to refinance the unpaid balance pursuant to the provisions on refinancing contained in section 5-2-205 and to consolidate the amount financed resulting from the refinancing by adding it to the amount financed with respect to the subsequent consumer credit transaction. In either case, the creditor may contract for and receive a finance charge based on the aggregate amount financed resulting from the consolidation at a rate not in excess of that permitted by the provisions on finance charges.   History. Source: L. 2000: Entire article R&RE, p. 1201, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-205 , as it existed prior to 2000.
CO Code § 5-2-207 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-207. Prepaid Finance Charge

  Subject to the provisions of subsection (2) of this section, a creditor may contract for the payment by the consumer of a prepaid finance charge; except that the total finance charge contracted for and received by the creditor shall not exceed that permitted for consumer credit transactions.    With respect to a refinancing pursuant to section 5-2-205 or consolidation pursuant to section 5-2-206 of a previous consumer credit transaction for which a prepaid finance charge was imposed, if said refinancing or consolidation is consummated within one year after the previous transaction, a new prepaid finance charge may be imposed:   Only on that portion of the aggregate amount financed resulting from the refinancing or consolidation that exceeds the unpaid balance of the previous transaction determined in accordance with the provisions of section 5-2-205 or section 5-2-206, whichever is appropriate; or    On the aggregate amount financed resulting from the refinancing or consolidation; except that any unearned portion of the prepaid finance charge imposed in connection with the previous transaction shall be rebated to the consumer in accordance with the actuarial method as defined in section 5-1-301 and applicable rules adopted by the administrator.        History. Source: L. 2000: Entire article R&RE, p. 1201, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-3-206.5 , as it existed prior to 2000.
CO Code § 5-2-208 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-208. Conversion to Revolving Account

 The parties may agree to add to a revolving account the unpaid balance of a consumer credit transaction not made pursuant to a revolving account. The unpaid balance is an amount equal to the amount financed determined according to the provisions on refinancing contained in section 5-2-205 .   History. Source: L. 2000: Entire article R&RE, p. 1201, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-207 (5) , as it existed prior to 2000.   ANNOTATION   Law reviews. For article, “State Variations of the Uniform Consumer Credit Code: The Case for Legislative Restraint”, see 48 Den. L.J. 239 (1971). For article, “Colorado Usury”, see 11 Colo. Law. 2557 (1982).
CO Code § 5-2-209 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-209. Advances to Perform Covenants of Consumer

  If the agreement with respect to a consumer credit transaction contains covenants by the consumer to perform certain duties pertaining to insuring or preserving collateral, and the creditor pursuant to the agreement pays for performance of the duties on behalf of the consumer, the creditor may add the amounts paid to the debt if:   The expenditure is reasonable to protect the risk of loss or damage to the property;    The creditor has mailed to the consumer, at the consumer's last known address, written notice of the consumer's nonperformance and has given the consumer reasonable opportunity after such notice to so perform; and    In the absence of performance, the creditor has made all expenditures on behalf of the consumer in good faith and in a commercially reasonable manner.       Within a reasonable time after advancing any sums, the creditor shall state to the consumer in writing the amount of the sums advanced, any charges with respect to this amount, and any revised payment schedule, and, if the duties of the consumer performed by the creditor pertain to insurance, a brief description of the insurance paid for by the creditor including the type and amount of coverage. No further information need be given.    A finance charge may be made for sums advanced pursuant to this section at a rate not exceeding the rate stated to the consumer pursuant to the provisions on disclosure contained in section 5-3-101 with respect to the consumer credit transaction; except that, with respect to a revolving account, the amount of the advance may be added to the unpaid balance of the debt and the creditor may make a finance charge not exceeding that permitted by the provisions on finance charges.     History. Source: L. 2000: Entire article R&RE, p. 1202, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-208 , as it existed prior to 2000.   ANNOTATION   Law reviews. For article, “State Variations of the Uniform Consumer Credit Code: The Case for Legislative Restraint”, see 48 Den. L.J. 239 (1971).
CO Code § 5-2-210 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-210. Right to Prepay

 Subject to the provisions on rebate upon prepayment contained in section 5-2-211 , the consumer may prepay in full, or in part if payment is no less than five dollars, the unpaid balance of a consumer credit transaction at any time without penalty. A payment in the amount of a scheduled installment, other than the last scheduled installment, not identified by the consumer as a partial prepayment shall not be deemed to be a partial prepayment regardless of when the payment is made if the amount equals the next scheduled installment. If such a payment is applied by the creditor to the scheduled installment, the payment shall be deemed to have been made on the due date for the scheduled installment to which it was applied.   History. Source: L. 2000: Entire article R&RE, p. 1202, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-2-209 , as it existed prior to 2000.   ANNOTATION   Applied in Empire Sav., Bldg. & Loan Ass'n v. Otero Sav. & Loan Ass'n, 640 P.2d 1151 (Colo. 1982) (decided prior to 2000 repeal and reenactment).
CO Code § 5-2-213 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 2 - Maximum Finance Charges and Other Fees and Charges|§ 5-2-213. Lender and Seller Credit Cards

  For purposes of this section, “credit card bank or financial institution” means a commercial bank, credit union, thrift, savings and loan association, savings bank, or other state or federally supervised institution in this state that issues credit cards and may export rates and fees pursuant to the “National Bank Act”, 12 U.S.C. sec. 85, “Depository Institutions Deregulation and Monetary Control Act of 1980”, 12 U.S.C. secs. 1463, 1785, and 1831d, “Federal Credit Union Act”, 12 U.S.C. sec. 1757, or “Alternative Mortgage Transaction Parity Act of 1982”, 12 U.S.C. secs. 3801 to 3805, and any regulations under those acts.    Notwithstanding any other provisions of this part 2, with respect to a lender or seller credit card issued by a credit card bank or financial institution:   The finance charge, calculated according to the actuarial method, may not exceed the amounts provided in section 5-2-201; and    Any fees imposed for a minimum finance charge described in section 5-2-201 (3)(b), annual charges described in section 5-2-202 (1)(c), cash advances described in section 5-2-202 (1)(e)(I), return or dishonor of a check described in section 5-2-202 (1)(e)(II), delinquency described in section 5-2-203, or exceeding the credit limit may be in an amount established by written agreement of the parties.        History. Source: L. 2000: Entire article R&RE, p. 1206, § 1, effective July 1. L. 2013: (1) amended,(SB 13-154), ch. 282, p. 1468, § 20, effective July 1.    Editor's note:   This section is similar to former § 5-3-508 , as it existed prior to 2000.   ANNOTATION   Law reviews. For article, “State Variations of the Uniform Consumer Credit Code: The Case for Legislative Restraint”, see 48 Den. L.J. 239 (1971). For article, “Colorado Usury”, see 11 Colo. Law. 2557 (1982).
CO Code § 5-2-301 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-301. Authority to Make Supervised Loans

  Unless a person is a supervised financial organization or has first obtained a license from the administrator authorizing him or her to make supervised loans, he or she shall not engage in the business of:   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    Taking assignments of and undertaking direct collection of payments from or enforcement of rights against consumers arising from 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).        History. Source: L. 2000: Entire article R&RE, p. 1206, § 1, effective July 1. L. 2006: (1)(b) amended, p. 530, § 1, effective April 18. L. 2017: (1)(b) amended,(HB 17-1238), ch. 260, p. 1170, § 6, effective August 9.    Editor's note:   This section is similar to former § 5-3-502 , as it existed prior to 2000.   ANNOTATION   Law reviews. For article, “State Variations of the Uniform Consumer Credit Code: The Case for Legislative Restraint”, see 48 Den. L.J. 239 (1971). For article, “Colorado Usury”, see 11 Colo. Law. 2557 (1982).
CO Code § 5-2-304 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-304. Records - Annual Reports - Proof of Financial Responsibility

  Every licensee shall maintain records in conformity with this code, rules adopted thereunder, and generally accepted accounting principles and practices in a manner that will enable the administrator to determine whether the licensee is complying with the provisions of this code. The record-keeping system of a licensee shall be sufficient if the licensee makes the required information reasonably available. The records need not be kept in the place of business where supervised loans are made if the administrator is given free access to the records wherever located. The records pertaining to any loan need not be preserved for more than four years after making the final entry relating to the loan, but, in the case of a revolving loan account, the four years is measured from the date of each entry.    On or before June 1 of each year, every licensee shall file with the administrator an annual report in the form prescribed by the administrator relating to all supervised loans made by the licensee, which report shall also demonstrate satisfactory proof of the licensee's financial responsibility. At all other times, the licensee shall maintain satisfactory proof of financial responsibility. The administrator shall consult with comparable officials in other states for the purpose of making the kinds of information required in annual reports uniform among the states. Information contained in annual reports shall be confidential and may be published only in composite form. The administrator may, by rule, determine the types and amounts of financial responsibility deemed to be satisfactory.    If a licensee fails to file the annual report or proof of financial responsibility by July 1, the administrator may impose a penalty of five dollars per day from July 2 to the date the filing is postmarked. However, if a licensee fails to file and pay the appropriate penalty by July 15, or, at all other times, fails to provide satisfactory proof of financial responsibility within thirty days after receiving notice from the administrator, its license shall automatically expire.     History. Source: L. 2000: Entire article R&RE, p. 1211, § 1, effective July 1. L. 2003: (2) and (3) amended, p. 1893, § 4, effective July 1.    Editor's note:   This section is similar to former § 5-3-505 , as it existed prior to 2000.
CO Code § 5-2-306 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-306. Administrative Procedures - Applicability

 Except as otherwise provided, the provisions of sections 24-4-102 to 24-4-106 , C.R.S., apply to and govern all rules promulgated and all administrative action taken by the administrator pursuant to this code; except that section 24-4-104 (3) , C.R.S., shall not apply to any such action.   History. Source: L. 2000: Entire article R&RE, p. 1213, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-3-507 , as it existed prior to 2000.
CO Code § 5-2-307 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-307. Judicial Review

 Any person aggrieved by any final action or order of the administrator and affected thereby is entitled to a review thereof by the court of appeals by appropriate proceedings under section 24-4-106 (11) , C.R.S.   History. Source: L. 2000: Entire article R&RE, p. 1213, § 1, effective July 1.    Editor's note:   This section is similar to former §§ 5-6-107 and 5-6-108 , as they existed prior to 2000.
CO Code § 5-2-308 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-308. Regular Schedule of Payments - Maximum Loan Term

  Supervised loans not made pursuant to a revolving credit account and in which the principal is three thousand dollars or less shall be scheduled to be payable in substantially equal installments at equal periodic intervals except to the extent that the schedule of payments is adjusted to the seasonal or irregular income of the debtor and:   Over a period of not more than thirty-seven months if the principal is more than one thousand dollars; or    Over a period of not more than twenty-five months if the principal is one thousand dollars or less.        History. Source: L. 2000: Entire article R&RE, p. 1213, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-3-511 , as it existed prior to 2000.
CO Code § 5-2-309 (2021)
2021 Colorado Code|Title 5 - Consumer Credit Code|Article 2 - Finance Charges and Related Provisions|Part 3 - Supervised Loans and Supervised Lenders|§ 5-2-309. Conduct of Business Other Than Making Loans

 A supervised lender may not carry on any other business for the purpose of evasion or violation of this code nor may the supervised lender extend credit on the condition or requirement that the consumer obtain additional credit, goods, or services from the supervised lender or a person related to the supervised lender unless otherwise permitted by law.   History. Source: L. 2000: Entire article R&RE, p. 1213, § 1, effective July 1.    Editor's note:   This section is similar to former § 5-3-512 , as it existed prior to 2000.   Cross references:   For regulation of pawnbrokers, see article 56 of title 12.