If any consumer owes multiple debts and makes any single payment to any collection agency with respect to such debts, the collection agency shall not apply the payment to any debt which is disputed by the consumer and when so informed shall apply the payment in accordance with the consumer's directions.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1089, § 1, effective August 9.
Editor's note: This section is similar to former § 12-14-110 as it existed prior to 2017.
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