Colorado Code
Article 3.1 - Deferred Deposit Loan Act
§ 5-3.1-102. Definitions

As used in this article, unless the context otherwise requires:
(1.5) "Annual percentage rate" means an annual percentage rate as determined pursuant to section 107 of the federal "Truth in Lending Act", 15 U.S.C. sec. 1601 et seq. All finance charges shall be included in the calculation of the annual percentage rate.

(2.5) "Default" means a consumer's failure to repay a deferred deposit loan in compliance with the terms contained in a deferred deposit loan agreement.











Source: L. 2000: Entire article added, p. 439, § 1, effective July 1. L. 2001: (5)(b) amended, p. 29, § 6, effective March 9. L. 2004: (2.5) added and (3) (a) amended, p. 317, § 1, effective July 1. L. 2010: (1.5) added and IP(3) and (5)(a) amended, (HB 10-1351), ch. 267, p. 1221, § 2, effective August 11.
Cross references: For the legislative declaration in the 2010 act adding subsection (1.5) and amending the introductory portion to subsection (3) and subsection (5)(a), see section 1 of chapter 267, Session Laws of Colorado 2010.

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