Colorado Payday Loans Laws
Colorado Payday loans laws. Colorado Payday loans legislation. Colorado state has specific payday loans laws. 20% of the first $300.00; 7.5% on any amount greater than $300. Maximum amount of a cash advance is $500. The permitted time period of Colorado Payday loans is a maximum of 40 days.
Colorado Payday loans Rollovers are limited to one.
Colorado State Payday Loans InformationColorado Payday Loans Legal Status: Legal Citation:
Colorado Payday Loans Colo. Rev. Stat. § 5-3.1-101 et seq. Colorado Payday Loans Terms:
Colorado Payday Loans Maximum Loan Amount: $500
Colorado Payday Loans Term: Max: 40 days
Colorado Payday Loans Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500
Colorado Payday Loans Finance Charge for 14-day $100 loan: $20
Colorado Payday Loans APR for 14-day $100 loan: 520% Colorado Payday Loans Debt Limits:
Colorado Payday Loans Maximum Number of Outstanding Loans at One Time: One
Colorado Payday Loans Rollovers Permitted: One (renewal)
Colorado Payday Loans Cooling-off Period:
Colorado Payday Loans Repayment Plan: Colorado Payday Loans Collection Limits:
Colorado Payday Loans Collection Fees: One $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed loan amount
Colorado Payday Loans Criminal Action: Prohibited (Unless the consumer's account was closed before the agreed upon negotiation date) Colorado Payday Loans Regulator: Colorado Office of the Attorney General
Colorado Payday Loans Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203
Colorado Payday Loans Phone Number: (303) 866-4494
Colorado Payday Loans Fax: (303) 866-5691
Colorado Payday Loans Regulatory Contact: Laura Udis,, Administrator
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