Colorado § 38-12-1405 - Recordkeeping.
Full text of Colorado Colorado Revised Statutes § 38-12-1405 — Recordkeeping., with citation guidance and answers to common questions.
§ 38-12-1405. Recordkeeping.
(1) For any rent-to-own contract, the seller of the mobile home shall maintain separate financial records for each rent-to-own contract.
(2) The seller of the mobile home shall provide the purchaser with either an annual accounting related to the rent-to-own contract or a disclosure that the buyer is entitled to request and receive an annual accounting of their rent-to-own contract. The accounting or the disclosure is due to the purchaser each year within ten days of the anniversary date of the rent-to-own contract. If requested, the annual accounting shall be provided within ten days upon the receipt of a request for accounting. At a minimum, any accounting provided shall disclose the total amount in purchase payments made, the total amount of the purchase price remaining to be paid, and any expenses paid by the seller during the accounting period to repair or maintain the mobile home. The accounting or the disclosure shall be provided to the purchaser in English or English and Spanish, as requested by the purchaser.
Source: L. 2024: Entire part added, (HB 24-1294), ch. 399, p. 2749, § 18, effective June 30.
Frequently Asked Questions About Colorado § 38-12-1405
What does Colorado Revised Statutes § 38-12-1405 cover?
Section 38-12-1405 ("Recordkeeping.") 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 § 38-12-1405?
A common citation format is "Colorado Revised Statutes § 38-12-1405" (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 § 38-12-1405 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.