UCCC Licensing & Notification

Colorado Uniform Consumer Credit Code Law

The Colorado Uniform Consumer Credit Code (“UCCC”) is a state law that regulates the terms and conditions of consumer credit in the state of Colorado. This includes nonbank lenders, such as supervised lenders, retail sellers, finance companies, installment lenders, second mortgage companies, and rent-to-own companies.

Supervised Lender License Information

*The Department of Law Consumer Credit Unit is committed to ensuring that its materials and documents are accessible to all. Should you need any assistance in order to fully access and use the materials and documents published or sent by the Consumer Credit Unit, please contact us at UCCC@coag.gov to request an accommodation.

Pursuant to section 5-2-302(4) and (5), C.R.S, if a supervised lender has more than one place of business, they must obtain a master license. A separate application, license fee and proof of financial responsibility is required for each branch location.

License Applications

Financial Responsibility Forms

You may refer to this Guidance regarding surety bonds containing an electronic seal and electronic signatures. Please note this is not intended as an official interpretation or opinion letter.

Other Forms for Applicants and Licensees

Important Renewal Dates

Renewals open around May 1st
Renewal deadline is July 1st

If a licensee fails to file the renewal form and pay the appropriate renewal fees by July 1, its license automatically expires.

Licensees issued in 2024 expire on July 1, 2025. The Administrator may assess an additional fee in January 2025 to cover the direct and indirect costs of administering this section until renewals are due July 1, 2025.

Renewals take place via the Licensing portal (opens new tab) each year.

Supervised Lender Initial and Renewal Licensing Fees

Master License $ 1,600
Branch License $ 1,600

The amount above includes a $100 surcharge for the Identity Theft and Financial Fraud Cash Fund required by section 24-33.5-1707(2)(b), C.R.S.

Supervised Lender Annual Report

Annual Report becomes available around mid-March each year
Annual Report due date June 1 each year
Annual Report Deadline July 15 each year

If a licensee fails to submit the Annual Report and Proof of Financial Responsibility by July 15, their license will automatically expire!

Supervised Lender Important Change and Change Notification Requirements

Please report changes requiring notification to our office in writing.

Below is a list of changes requiring notification. Please refer to the laws and rules available on the UCCC General Information webpage.

Name and Address Changes

Pursuant to section 5-2-302(6), C.R.S., “No licensee shall change the location of any place of business or license without giving the administrator at least fifteen days prior written notice. The administrator may by rule promulgated in accordance with article 4 of title 24, C.R.S., establish an administrative fee for such a change of address.”

Pursuant to section 5-2-302(7)(a), C.R.S., “A licensee shall not engage in the business of making supervised loans at any place of business for which the licensee does not hold a license, nor shall a licensee engage in business under any other name than that in the license. The administrator may, by rule, establish an administrative fee for such a change of name. For the purposes of this subsection (7), a consumer insurance premium loan is made at the lender’s business office.”

Financial Responsibility

Financial responsibility requirements are laid out in section 5-2-302(2) and 5-2-304(2) of the Uniform Consumer Credit Code (UCCC) and Rule 9(b) of the UCCC Rules – 4 CCR 902-1.

Pursuant to section 5-2-303(1)(e), C.R.S., “The Administrator may deny an application for a license or take disciplinary action against a person licensed to make supervised loans if the administrator finds the applicant or licensee has failed to provide or maintain proof of financial responsibility.”

Ownership Changes

Changes regarding ownership and notification requirements are laid out in Rule 9(c) of the UCC Rules – 4 CCR-902-1.

Retail Sales, Sales Finance, and Rent-to-Own Notification Information

Pursuant to the UCCC, notification filers are required to provide and pay the notification fee(s) within 30 days after commencing business in Colorado, and thereafter, by July 1 each year.

The application for Retail Sales, Sales Finance, and Rent-to-Own notification filers is available online via the Licensing portal. Please use the Application Information and Checklist document in conjunction with completing the online application.

Visit the Licensing Portal to login or register an account. If you already have an account, you may reset your password on the login webpage by clicking Forgot Password? Click Here. If you are a new user, you may register an account by clicking New User? Register Here! Please note, if you are a new user requesting access to an existing company, it may take several days to approve your request.

Once logged in, go to “Apply” and select the application type for which you wish to apply. Once submitted, the application will be emailed to the signatory for an electronic signature. The application is not considered submitted until electronically signed and sent back. A notification number will not be issued until the application is deemed complete.

Important Renewal Dates

Renewals open around May 1st
Renewal deadline is July 1st

Initial and Renewal Application Fees

Rent-to-Own Initial Notification Fee: $300 per location
Retail Sales Notification: $300
Sales Finance Notification: $300
- Sales Finance Notification Volume Fee: $17.50 (per $100,000)

For retail sales and sales finance companies, the Administrator shall impose a penalty of $5 per day on any person that fails to comply.

Sales finance companies must report volume to the Administrator on or before March 1 each year. The Administrator may charge a late fee for failure to report such volume.

Change Notification Requirements

Pursuant to section 5-6-202(2), C.R.S., “If information in a notification becomes inaccurate after filing, no further notification is required until the following notification.”

IMPORTNANT NOTE: The above license and notification filings (once issued) are valid through each July 1 regardless of the date issued and must be renewed annually. See the above information for important dates for supervised lenders and notification filers.

Although a license or notification expiration date may reflect the prior 7/1, the existing license shall not expire (so long as a renewal is submitted) until the renewal application has been finally acted upon by the agency, pursuant to section 24-4-104(7), C.R.S.