Except for reasonable expenses incurred in realizing on a security interest, the agreement with respect to a consumer credit transaction may not provide for charges as a result of default by the consumer other than those authorized by this code. A provision in violation of this section is unenforceable.
Source: L. 2000: Entire article R&RE, p. 1221, § 1, effective July 1.
Editor's note: This section is similar to former §§ 5-2-414 and 5-3-405, as they 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