Notice of Rulemaking Hearing
A Rulemaking Hearing is scheduled for Monday, June 3, 2024 at 2 pm MT via webinar. The Rulemaking is concerning the regulation of consumer legal funding transactions, GAP repeal, and UCCC recordkeeping requirements. For more information, review the Rulemaking Notice. Additionally, the Proposed Rules are below:
- Proposed Rules regarding Litigation Funding
- Proposed Rules regarding Records to be Maintained by Creditors
Notice of Administrative Opinion
Please see this Administrative Opinion issued by the Administrator. 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.