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Colorado Consumer Credit Code

Title 5 Consumer Credit Code
Article 13 Federal Preemption of Usury Laws -
State Override


5-13-101. Mortgages.

5-13-102. Business and agricultural loans.

5-13-103. Small business loans.

5-13-104. Other loans. (Repealed)

5-13-105. General override. (Repealed)


5-13-101. Mortgages.

In accordance with section 501 (b) (2) of Public Law 96-221, it is declared that the state of Colorado does not want the provisions of subsection 501 (a) (1) of Public Law 96-221 removing the limits on the rate or amount of interest, discount points, finance charges, or other charges which may be charged, taken, received, or reserved with respect to loans, mortgages, credit sales, and advances made to apply in this state. The rates established in articles 1 to 9 of this title shall control consumer credit transactions in the state of Colorado.

5-13-102. Business and agricultural loans.

In accordance with section 512 of Public Law 96-221, it is declared that the state of Colorado does not want the provisions of section 511 of Public Law 96-221 setting interest rates and preempting state interest rates on business and agricultural loans to apply in this state. The rates established in articles 1 to 9 of this title shall control consumer credit transactions in the state of Colorado.

5-13-103. Small business loans.

In accordance with section 524 of Public Law 96-221, it is declared that the state of Colorado does not want the amendments to the "Small Business Investment Act" made by section 524 of Public Law 96-221 prescribing interest rates for small business loans to apply in this state. The rates established in articles 1 to 9 of this title shall control consumer credit transactions in the state of Colorado.

5-13-104. Other loans. (Repealed)

5-13-105. General override. (Repealed)

 

CO Colorado Official State Statutes

 

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