Prior to sale or assignment of instruments held by the lender as a result of a deferred deposit loan, the lender shall place a notice on the instrument in at least ten-point type to read:
THIS IS A DEFERRED DEPOSIT LOAN INSTRUMENT.
Source: L. 2000: Entire article added, p. 442, § 1, effective July 1.
Structure Colorado Code
Title 5 - Consumer Credit Code
Article 3.1 - Deferred Deposit Loan Act
§ 5-3.1-101.5. Legislative Declaration
§ 5-3.1-103. Written Agreement Requirements
§ 5-3.1-104. Notice to Consumers
§ 5-3.1-105. Authorized Charges
§ 5-3.1-106. Maximum Loan Amount - Right to Rescind
§ 5-3.1-107. Multiple Outstanding Transactions Notice
§ 5-3.1-108. Renewal - New Loan - Consecutive Loans - Payment Plan - Definitions
§ 5-3.1-109. Form of Loan Proceeds
§ 5-3.1-110. Endorsement of Instrument
§ 5-3.1-111. Redemption of Instrument
§ 5-3.1-112. Authorized Dishonored Instrument Charge
§ 5-3.1-113. Posting of Charges
§ 5-3.1-114. Notice on Assignment or Sale of Instruments
§ 5-3.1-115. Records and Annual Reports
§ 5-3.1-116. License Requirement
§ 5-3.1-117. Examination and Investigation
§ 5-3.1-118. Denial of License - Discipline
§ 5-3.1-119. Applicability of Other Provisions of This Title
§ 5-3.1-120. Criminal Culpability
§ 5-3.1-121. Unfair or Deceptive Practices
§ 5-3.1-122. Unconscionability
§ 5-3.1-123. Use of Multiple Agreements for Deferred Deposit Loans