Colorado Uniform Consumer Credit Code: Administrative Interpretations and Opinion Letters

Please note: Interpretations and opinions may not be applicable due to changes in the law or renumbering of statutes.

For information and requests, please email uccc@coag.gov.

Administrative Interpretations

DATE NUMBER TITLE
08/31/1994 1.202-9401 Pawnbrokers – Title Loans
06/23/1992 3.104-9201 Post-Dated Checks – Payday Lenders
12/08/1989 2.301 & 2.311-8901 Consumer Leases – Disclosures and Truth-In-Lending
03/01/1985 3.107-8501 Required Compensating Balance
02/24/1984 3.508-8401 Revolving Loan – Grace Periods
10/14/1983 2.201, 3.201 & 3.508-8301 Refund of Prepaid Finance Charges – Non-Precomputed Transactions
09/25/1981 3.104 & 3.109-8101 Seller Carry Back Second Mortgages
12/16/1980 3.105 & 3.201-8010 Wrap Around Mortgages
07/18/1980 3.104-8008 Line of Credit – Consumer Loan
05/14/1980 5.204-8007 Finance Charges and Three Day Right to Rescind
05/13/1980 3.105-8004 Refinancing
01/13/1980 3.508-8002 Maximum APR Applicable – Interest Bearing Loans
01/04/1980 5.112-8001 Right to Cure Notice – Four or Fewer Installments
12/18/1979 3.402-7903 Balloon Payment Provisions – First Lien Loans
12/13/1979 3.508-7902 Mortgage Lender Use of Monthly Amortization
11/13/1978 3.408-7802 Change in Terms – Fluctuating Base Rate
02/22/1978 5.111-7801 Right to Cure Notice – Future Payment Reference

Opinion Letters

DATE TITLE
06/29/2022 Amended Surcharge Statute
01/04/2019 Collateral under section 5-2-214 – Alternate Charge Installment Loans
09/22/2017 Medical Lien Transactions
08/07/2017 Debt Cancellation and Suspension Agreements Offered by Colorado-Chartered Banks, Colorado-Chartered Industrial Banks, and Colorado-Chartered Credit Unions
04/29/2010 Pre-Settlement Lender Licensing
10/12/2005 Request for Rulemaking on Debt Cancellation & Suspension Agreements
08/02/2004 Small Installment Loans
06/15/2004 New Laws – Deferred Deposit Loan Act Amendments and Small Installment Loans
12/02/2002 Fees for Electronic Debits and Payments
03/13/2002 Loans Primarily Secured by an Interest in Land
03/21/2001 “Discretionary” Automatic Overdraft Privilege, Revised Letter
06/27/2000 Colorado Deferred Deposit Loan Act – Renewals & Minimum Finance Charges
02/14/2000 Automobile Purchase/Leaseback
12/15/1999 Remedies for Improper Repossessions
07/31/1997 Timely Payoff Quotes
12/23/1996 Mortgage Broker Fees
10/16/1996 Purchase of Credit Insurance Resulting in Favorable Rates
09/10/1996 Subsidiaries of Supervised Financial Organizations and UCCC Licensing
08/23/1996 “Slow Pay” Credit Card Rate Provision
07/05/1995 Tax Service Fees
04/10/1995 Loans Primarily Secured by an Interest in Land
11/22/1994 Supervised Lender Licenses and Mortgage Loans
02/07/1994 Coupon Book Expense – Vender’s Single Interest Insurance (“VSI”)