Colorado § 23-3-107 - Age qualification for loan guarantee.
Full text of Colorado Colorado Revised Statutes § 23-3-107 — Age qualification for loan guarantee., with citation guidance and answers to common questions.
§ 23-3-107. Age qualification for loan guarantee.
Any person otherwise qualifying for a loan shall not be disqualified to receive a loan under the guarantee loan program by reason of his being under the age of twenty-one years. For the purpose of applying for, receiving, and repaying a loan, any person shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of a person of legal age with respect thereto.
Source: L. 68: p. 174, § 1. C.R.S. 1963: § 124-22-18.
Cross references: For age of competence generally, see § 13-22-101.
23-3.1 ARTICLE 3.1
Student Loan Program
PART 1
ADMINISTRATION OF PROGRAM
23-3.1-101. Legislative declaration.
23-3.1-102. Definitions.
23-3.1-103. Division created - director - staff.
23-3.1-103.5. Enterprise status of division.
23-3.1-104. Duties and powers of division - rules.
23-3.1-104.5. Additional powers of division.
23-3.1-104.7. Restructuring plan - legislative declaration.
23-3.1-105. Advisory committee established - duties - membership - repeal. (Repealed)
23-3.1-106. Student loan program established.
23-3.1-106.5. Special funds.
23-3.1-107. Student loan guarantee fund - created.
23-3.1-108. Age qualification.
23-3.1-109. Subject to audit.
23-3.1-110. Designation as sole state agency.
23-3.1-111. Authority of division to enter into agreements to provide administrative and guarantee services.
23-3.1-112. Authority and power of the division to guarantee, originate, service, make, and purchase consolidation loans and refinancing loans.
PART 2
STUDENT OBLIGATIONS AND INSTITUTIONAL LOANS
23-3.1-201. Legislative declaration.
23-3.1-202. Definitions.
23-3.1-203. Authority - creation - membership - transfer of personnel.
23-3.1-204. Organizational meeting - chairperson - conflict of interest.
23-3.1-205. Meetings of board - quorum - expenses.
23-3.1-205.3. Transfer of property.
23-3.1-205.4. Collegeinvest fund - creation - control - use.
23-3.1-205.5. Collegeinvest - enterprise status.
23-3.1-205.7. Department of higher education - executive director - powers and duties.
23-3.1-206. General powers and duties of the authority.
23-3.1-206.2. Financial need scholarships and grants - fund - repeal. (Repealed)
23-3.1-206.5. Servicing of student obligations and institutional loans.
23-3.1-206.7. Prepaid expense program.
23-3.1-206.9. Colorado collegeinvest scholarship program - administration - fund - policies.
23-3.1-207. Notes.
23-3.1-208. Bonds.
23-3.1-209. Negotiability of bonds.
23-3.1-210. Security for bonds and notes.
23-3.1-211. Personal liability.
23-3.1-212. Purchase.
23-3.1-213. Payment of bonds and advance payment contracts - limited liability of state.
23-3.1-214. Exemption from taxation - securities law.
23-3.1-215. Fees.
23-3.1-216. Investment of funds.
23-3.1-217. Proceeds as trust funds.
23-3.1-217.5. Claims of creditors - exemption.
23-3.1-218. Agreement of the state not to limit or alter rights of obligees.
23-3.1-219. Enforcement of rights of bondholders.
23-3.1-220. Bonds eligible for investment.
23-3.1-221. Account of activities - receipts for expenditures - report - audit.
23-3.1-222. Federal social security act.
23-3.1-223. Powers of authority not restricted.
23-3.1-224. Contract powers of state-supported institutions of higher education - nonliability of state.
23-3.1-225. Confidentiality of records.
23-3.1-226. Policies for promotion and disclosure of program information.
PART 3
SAVINGS PLANS
23-3.1-301. Legislative declaration.
23-3.1-302. Definitions.
23-3.1-303. Department - purpose - powers - duties. (Deleted by amendment)
23-3.1-304. Authority - purpose - powers - duties.
23-3.1-305. Financial institutions - managers - purpose - selection - requirements - contracts.
23-3.1-306. Accounts - contributions - withdrawals - penalties - statements.
23-3.1-306.5. College kickstarter account program - funding - administration - financial literacy course - rules - legislative declaration - definitions - repeal.
23-3.1-307. Limitations.
23-3.1-307.1. Personal liability.
23-3.1-307.3. Proceeds as trust funds.
23-3.1-307.4. Claims of creditors - exemption.
23-3.1-307.5. Confidentiality of records.
23-3.1-307.9. Policies for promotion and disclosure of program information.
23-3.1-308. Residency.
23-3.1-309. Tax exemption.
23-3.1-310. Job retraining cash fund - repeal. (Repealed)
23-3.1-311. Achieving a better life experience (ABLE) savings program - establishment - authority - powers - duties.
PART 1
ADMINISTRATION OF PROGRAM
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 23-3-107
What does Colorado Revised Statutes § 23-3-107 cover?
Section 23-3-107 ("Age qualification for loan guarantee.") 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 § 23-3-107?
A common citation format is "Colorado Revised Statutes § 23-3-107" (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 § 23-3-107 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.