As used in this article 16, unless the context otherwise requires:
(8.5) "Debt buyer" means a person who engages in the business of purchasing delinquent or defaulted debt for collection purposes, whether it collects the debt itself, hires a third party for collection, or hires an attorney for litigation in order to collect the debt. Debt buyers are collection agencies for the purposes of this article 16.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1080, § 1, effective August 9; IP amended, (2) repealed, and (8.5) added, (SB 17-216), ch. 285, p. 1578, § 3, effective January 1, 2018. L. 2018: (3)(b)(VIII) amended, (HB 18-1375), ch. 274, p. 1725, § 91, effective October 1.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 16 - Colorado Fair Debt Collection Practices Act
§ 5-16-104. Location Information - Acquisition
§ 5-16-105. Communication in Connection With Debt Collection - Definition
§ 5-16-106. Harassment or Abuse
§ 5-16-107. False or Misleading Representations
§ 5-16-109. Validation of Debts
§ 5-16-111. Legal Actions by Collection Agencies
§ 5-16-111.5. Fees, Costs, and Costs of Collection - Limitation
§ 5-16-114. Administrative Enforcement - Rules
§ 5-16-115. License - Registration - Unlawful Acts
§ 5-16-117. Powers and Duties of the Administrator
§ 5-16-118. Collection Agency License - Required
§ 5-16-119. Collection Agency License - Requirements - Application - Fee - Expiration
§ 5-16-120. License - Issuance - Grounds for Denial - Appeal - Contents
§ 5-16-121. Collection Agency License - Renewals
§ 5-16-122. Collection Agency License - Notification of Change and Reapplication Requirements
§ 5-16-123. Duties of Collection Agencies
§ 5-16-125.5. Statute of Limitations - Actions by Administrator
§ 5-16-126. Criminal Penalties
§ 5-16-127. Complaint - Investigations - Powers of Administrator - Sanctions
§ 5-16-128. Debt Collectors for the Department of Personnel - Complaint - Disciplinary Procedures
§ 5-16-130. Jurisdiction of Courts
§ 5-16-131. Duty of District Attorney
§ 5-16-133. Injunction - Receiver
§ 5-16-134. Disposition of Fees and Fines