If a deposit, reservation fee, or other advance payment is to be charged to a revolving credit account for lodging or motor vehicle rental services to be provided in the future in this state, the seller shall not charge such advance payment to the consumer's account without first notifying the consumer, either orally or in writing, and giving the consumer the opportunity to reject the services.
Source: L. 2000: Entire article R&RE, p. 1222, § 1, effective July 1.
Editor's note: This section is similar to former § 5-2-418, 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