Colorado § 5-16-134.7 - Advisory council for debt collection - created - membership - duties - subject to review - repeal.
Full text of Colorado Colorado Revised Statutes § 5-16-134.7 — Advisory council for debt collection - created - membership - duties - subject to review - repeal., with citation guidance and answers to common questions.
§ 5-16-134.7. Advisory council for debt collection - created - membership - duties - subject to review - repeal.
(1) The advisory council for debt collection, referred to in this section as the "advisory council", is created in the department of law. The advisory council consists of three members appointed by the attorney general as follows:
(a) One member representing a debt collection agency or a statewide organization representing debt collectors;
(b) One member representing a consumer advocacy organization related to debt collection or lending; and
(c) One member of the public.
(2) The members of the advisory council shall elect a chair and vice-chair from among the advisory council members appointed pursuant to subsection (1) of this section, which presiding officers shall serve terms of two years. Advisory council members may reelect a presiding officer.
(3) (a) Each member of the advisory council serves at the pleasure of the attorney general for a term of three years; except that:
(I) The initial member appointed pursuant to subsection (1)(a) of this section shall serve a term of one year; and
(II) The initial member appointed pursuant to subsection (1)(b) of this section shall serve a term of two years.
(b) The attorney general may reappoint a member to serve no more than three terms.
(c) Members of the advisory council may be reimbursed by the department of law for actual and necessary expenses incurred in the conduct of official business.
(4) The advisory council shall meet at least two times each year to discuss current issues in debt collection and any issues assigned to the advisory council by the attorney general for discussion.
(5) This section is repealed, effective September 1, 2032. Before the repeal, the advisory council is scheduled for review in accordance with section 2-3-1203.
Source: L. 2026: Entire section added, (HB 26-1426), ch. 334, p. 1983, § 6, effective August 12.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-16-134.7
What does Colorado Revised Statutes § 5-16-134.7 cover?
Section 5-16-134.7 ("Advisory council for debt collection - created - membership - duties - subject to review - repeal.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 5-16-134.7?
A common citation format is "Colorado Revised Statutes § 5-16-134.7" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 5-16-134.7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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