In addition to definitions appearing in subsequent articles, as used in this code, unless the context otherwise requires:
(I) Applicable sales, use, and excise and documentary stamp taxes; and
(II) Amounts actually paid or to be paid by the seller for registration, certificate of title, or license fees.
(16.5) "Credit card" means a lender credit card or a seller credit card, except as otherwise provided in this code.
(I) The rate of the finance charge does not exceed twelve percent per year calculated according to the actuarial method on the unpaid balances of the principal on the assumption that the debt will be paid according to the agreed terms and will not be paid before the end of the agreed term; or
(II) Notwithstanding the rate of the finance charge, and other than a precomputed loan as defined in subsection (35) of this section, the loan is secured by a first mortgage or deed of trust lien against a dwelling to:
Source: L. 2000: Entire article R&RE, p. 1183, § 1, effective July 1; (17) amended, p. 443, § 2, effective July 1. L. 2001: (1), (5)(b)(II), (15)(a)(III), and (26)(c) amended, p. 27, § 1, effective March 9. L. 2003: (16.5) added, p. 1892, § 1, effective July 1. L. 2004: (11)(b)(II)(A) and (15)(c) amended, p. 1187, § 6, effective August 4. L. 2020: (6) amended, (HB 20-1031), ch. 43, p. 143, § 3, effective September 14.
Cross references: (1) For additional definitions of the days under subsection (6) of this section, see § 24-11-101.
(2) For the definitions and federal statutory cites of the "Truth in Lending Act" and the "Consumer Leasing Act", see § 5-1-302.
(3) For the legislative declaration in HB 20-1031, see section 1 of chapter 43, Session Laws of Colorado 2020.