The obligation of a lessee upon expiration of a consumer lease, may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.
Source: L. 2000: Entire article R&RE, p. 1221, § 1, effective July 1.
Editor's note: This section is similar to former § 5-2-406, as it existed prior to 2000.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 3 - Regulation of Agreements and Practices
Part 3 - Limitations on Consumers' Liabilities
§ 5-3-301. Restriction on Liability in Consumer Lease
§ 5-3-302. Limitation on Default Charges
§ 5-3-303. Assignee Subject to Claims and Defenses