Notice of Subcommittee Meeting
A subcommittee appointed by the Chairman for Council of Advisors on Consumer Credit will meet with the Administrator of the Uniform Consumer Credit Code to discuss proposed rules on Wednesday, July 10, 2024 at 3 p.m. via Zoom. View the Meeting Notice and Agenda for more information.
Notice of Administrative Interpretive Opinion
The Administrator has issued a Revised Interpretive Opinion Letter regarding General Purpose Credit Cards. This and all other Administrative Opinions are available on the General Information webpage (below).
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. It sets maximum rates and charges, requires disclosure of the cost of credit so consumers may shop for the best rates, and provides remedies for consumers on default. The UCCC does not apply to first mortgage residential acquisition and refinance loans except for its sections on disclosures of the cost of credit, certain consumer remedies, and administrative powers. Most other consumer credit transactions such as payday loans, automobile loans, second mortgages, state-issued credit cards, and signature loans are subject to the UCCC.