Colorado § 5-9.3-102 - Applicability.
Full text of Colorado Colorado Revised Statutes § 5-9.3-102 — Applicability., with citation guidance and answers to common questions.
§ 5-9.3-102. Applicability.
(1) This article 9.3 applies to every creditor, whether the creditor is an assignee or holder of a finance agreement that includes a GAP agreement. A creditor, assignee, or holder does not have any subrogation rights against the consumer.
(2) This article 9.3 does not apply to a GAP agreement that is included in:
(a) A consumer lease;
(b) A loan that does not involve a consumer as defined in section 4-1-201 (10.5);
(c) A product that does not meet the definition of a guaranteed asset protection agreement; or
(d) A transaction that is not subject to the "Uniform Consumer Credit Code", articles 1 to 9 of this title 5.
Source: L. 2023: Entire article added, (HB 23-1181), ch. 425, p. 2499, § 3, effective January 1, 2024.
Frequently Asked Questions About Colorado § 5-9.3-102
What does Colorado Revised Statutes § 5-9.3-102 cover?
Section 5-9.3-102 ("Applicability.") 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 § 5-9.3-102?
A common citation format is "Colorado Revised Statutes § 5-9.3-102" (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 § 5-9.3-102 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
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.