(A) A provider may not request or receive payment of any fee or consideration until and unless:
(B) Notwithstanding subsection (d)(2)(A) of this section, no individual who completes all of his or her obligations under the agreement may be charged fees such that those fees, when added to the aggregate of offers of settlement obtained by the provider for the debtor, exceeds the principal amount of the debt.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1158, § 4, effective August 9.
Editor's note: This section is similar to former § 12-14.5-223 as it existed prior to 2017.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 19 - Debt-Management Services
Part 2 - Uniform Debt-Management Services Act
§ 5-19-203. Exempt Agreements and Persons
§ 5-19-204. Registration Required
§ 5-19-205. Application for Registration - Form, Fee, and Accompanying Documents
§ 5-19-206. Application for Registration - Required Information
§ 5-19-206.5. Name-Based Criminal History Record Check
§ 5-19-207. Application for Registration - Obligation to Update Information
§ 5-19-208. Application for Registration - Public Information
§ 5-19-209. Certificate of Registration - Issuance or Denial
§ 5-19-210. Certificate of Registration - Timing
§ 5-19-211. Renewal of Registration
§ 5-19-212. Registration in Another State
§ 5-19-214. Bond Required - Substitute
§ 5-19-215. Good Faith Requirement
§ 5-19-217. Prerequisites for Providing Debt-Management Services
§ 5-19-218. Communication by Electronic or Other Means - Definitions
§ 5-19-219. Form and Contents of Agreement
§ 5-19-220. Cancellation of Agreement - Waiver
§ 5-19-223. Fees and Other Charges
§ 5-19-224. Voluntary Contributions
§ 5-19-225. Voidable Agreements
§ 5-19-226. Termination of Agreements
§ 5-19-227. Periodic Reports - Retention of Records
§ 5-19-228. Prohibited Acts and Practices
§ 5-19-229. Notice of Litigation
§ 5-19-231. Liability for the Conduct of Other Persons
§ 5-19-232. Powers of Administrator - Rules
§ 5-19-233. Administrative and Legal Remedies
§ 5-19-234. Suspension, Revocation, or Nonrenewal of Registration - Definitions
§ 5-19-235. Private Enforcement
§ 5-19-236. Violation of Unfair or Deceptive Practices Statute
§ 5-19-237. Statute of Limitations
§ 5-19-238. Uniformity of Application and Construction
§ 5-19-239. Relation to Federal "Electronic Signatures in Global and National Commerce Act"
§ 5-19-240. Transitional Provisions - Application to Existing Transactions