Colorado Code
Part 2 - Uniform Debt-Management Services Act
§ 5-19-219. Form and Contents of Agreement

(E) If a plan provides for regular periodic payments to creditors:

(F) If the provider holds money on behalf of the individual, each creditor that the provider believes will not participate in the plan and to which the provider will not direct payment;
(G) How the provider will comply with its obligations under section 5-19-227 (a);
(H) If the provider holds money on behalf of the individual, that the provider may terminate the agreement for good cause, upon return of unexpended money of the individual;

(J) That the individual may contact the administrator with any questions or complaints regarding the provider; and
(K) The address, telephone number, and internet address or website of the administrator.

(1) The individual has a right to terminate the agreement at any time, without penalty or obligation, by giving the provider written or electronic notice, in which event:

(2) The individual authorizes any bank in which the provider or its agent has established a trust account to disclose to the administrator any financial records relating to the trust account; and
(3) The provider will notify the individual within five days after learning of a creditor's decision to reject or withdraw from a plan and that this notice will include:
(A) The identity of the creditor; and
(B) The right of the individual to modify or terminate the agreement.

(1) Provide for application of the law of any jurisdiction other than the United States and this state;
(2) Except as permitted by the uniform arbitration act, part 2 of article 22 of title 13, contain a provision that modifies or limits otherwise available forums or procedural rights, including the right to trial by jury, that are generally available to the individual under law other than this part 2;
(3) Contain a provision that restricts the individual's remedies under this part 2 or law other than this part 2; or
(4) Contain a provision that:
(A) Limits or releases the liability of any person for not performing the agreement or for violating this part 2; or
(B) Indemnifies any person for liability arising under the agreement or this part 2.

Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1153, § 4, effective August 9.
Editor's note: This section is similar to former § 12-14.5-219 as it existed prior to 2017.