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Retail Sales Notification - Frequently Asked Questions

Please review the below Frequently Asked Questions regarding the filing of notification as a Retail Sales company.
 
If you still have questions after reviewing the FAQs as well as the Colorado Uniform Consumer Credit Code, please email us at uccc@coag.gov.  As our office is prohibited from providing advice or interpretation of laws and rules, you may also wish to seek legal counsel to ensure compliance.

What is a Registered Agent?

A registered agent is the individual or business responsible for accepting service of process for an entity. Please visit the Colorado Secretary of State's Business FAQs for further information.


Why does the notification form ask for Registered Agent information?

Per UCCC Section 5-6-202(1)(f), the address of the retail seller's registered agent in Colorado is required as part of the annual notification filing. Please visit the Colorado Secretary of State's website to review the documents filed for your company as well as ensure your company is properly registered with the Colorado Secretary of State.


What is a Credit Sale?

A consumer credit sale refers to the sale of goods or services in which credit is granted or arranged, payments are made in installments or a finance charge is made, and the amount financed does not exceed $75,000.

Please see UCCC Section 5-1-301(11) for a comprehensive definition.


What is a Supervised Loan?

A supervised loan is a consumer loan in which the rate of the finance charge exceeds 12% per year.  If your company makes, services, or takes assignment of supervised loans, you will need to apply and obtain a Supervised Lender's License.  The application and supporting materials are available here.

Please see UCCC Sections 5-1-301(46) and 5-2-301 for further information.


How do I calculate late fees?

New Filers - a complete notification and fee payment are due within 30 days of commencing business in Colorado.  

If the completed notification form and payment are not received within the first 30 days, a late fee of $5.00 per calendar day is imposed starting the 31st day of business until the notification form and fees due are received.

Existing Filers - a complete notification and fee payment are due January 31st of each year.  

If the completed notification form and payment are not received by March 1st, a late fee of $5.00 per calendar day is imposed from February 1st until the notification form and fees due are received.

*If you've failed to submit notification forms for previous years in which you were engaged in credit sales, you can find the forms for the last four years here.  You must submit all forms and fees owed before you will be considered an active Retail Sales notification filer and appear on the Active Retail Sales Notification Filers list (updated every 2 weeks and posted on our website).


What happens if I don't complete all applicable forms and pay all fees due?

If you are required to file notification and pay the associated fees and fail to do so, consumers have no legal obligation to pay any of the finance charges due under the credit transactions.

Until all notification forms and fees have been properly submitted, you will not be considered an active Retail Sales notification filer and appear on the Active Retail Sales Notification Filers list (updated every 2 weeks and posted on our website).

You will be referred to the Administrator of the Colorado Uniform Consumer Credit Code for further action.

UCCC

Active Notification Filers


Laws & Rules


Contact Us

Colorado Department of Law
Consumer Protection Section, UCCC
Ralph L. Carr Colorado Judicial Center
1300 Broadway, 6th Floor
Denver, CO  80203

uccc@coag.gov