A supervised lender may not carry on any other business for the purpose of evasion or violation of this code nor may the supervised lender extend credit on the condition or requirement that the consumer obtain additional credit, goods, or services from the supervised lender or a person related to the supervised lender unless otherwise permitted by law.
Source: L. 2000: Entire article R&RE, p. 1213, § 1, effective July 1.
Editor's note: This section is similar to former § 5-3-512, as it existed prior to 2000.
Cross references: For regulation of pawnbrokers, see article 56 of title 12.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 2 - Finance Charges and Related Provisions
Part 3 - Supervised Loans and Supervised Lenders
§ 5-2-301. Authority to Make Supervised Loans
§ 5-2-302. License to Make Supervised Loans
§ 5-2-303. Denial and Discipline of License
§ 5-2-304. Records - Annual Reports - Proof of Financial Responsibility
§ 5-2-305. Examinations and Investigations
§ 5-2-306. Administrative Procedures - Applicability
§ 5-2-308. Regular Schedule of Payments - Maximum Loan Term