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Uniform Consumer Credit Code

The Colorado Uniform Consumer Credit Code is a state law that regulates the terms and conditions of consumer credit in the State of Colorado. It sets maximum rates and charges for some fees, 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 disclosure of the cost of credit, some debtor's remedies, and administrative powers. Most other consumer transactions such as automobile loans, second mortgages, credit cards, and signature loans are subject to the UCCC. The UCCC may not apply to creditors located outside the State of Colorado depending on the creditor and the manner in which the loan was made.

The Colorado Attorney General's Office, through the Administrator of the Uniform Consumer Credit Code, investigates complaints about lenders and creditors, licenses non-bank lenders such as finance companies and deferred deposit lenders, and takes appropriate disciplinary or legal action when a creditor has violated the law. This office cannot give legal advice nor can we represent individual consumers in actions against creditors. Consumers may bring legal action against creditors under the UCCC.

General Information:

To receive information about rulemaking, legislation, and public meetings, please send your request and contact information to uccc@state.co.us.

Information for Consumers:

Information for Lenders & Creditors:

** House Bill 10-1351 **

** Revised HB 1351 Administrative Interpretation **

Meetings:

August 31, 2010, 1:30 p.m. - Council of Advisors on Consumer Credit Meeting
      Old Supreme Court Chambers, State Capitol Building, 200 East Colfax, Room 220, Denver, CO 80203
            Notice of Rulemaking Hearing & Proposed Rules
            Agenda      

Filed Comments:
      Moneytree, Inc. - August 22, 2010
      Office of the Governor - August 23, 2010
      Colorado Financial Service Centers Association (COFiSCA) - August 23, 2010
      Speedy Cash Holdings Corp - August 23, 2010
      Coloradans for Payday Lending Reform - August 23, 2010
      Speedy Cash Holdings Corp - August 25, 2010
      Ace Cash Express, Inc. - August 25, 2010
      Advance America Cash Advance - August 25, 2010
      QC Holdings Companies - August 25, 2010
      EZ Corp, Inc. - August 25, 2010
      Checkmate of Colorado, Inc. - August 25, 2010
      Check Into Cash of Colorado, Inc. - August 26, 2010
      Colorado Financial Service Centers Association (COFiSCA) - August 27, 2010
      Colorado Progressive Coalition - August 31, 2010
      Licensed Deferred Deposit Lenders - August 31, 2010

News: