Colorado § 11-110-902 - Refunds.
Full text of Colorado Colorado Revised Statutes § 11-110-902 — Refunds., with citation guidance and answers to common questions.
§ 11-110-902. Refunds.
(1) This section does not apply to:
(a) Money received for transmission subject to the federal remittance rule, 12 CFR 1005, subpart B; or
(b) Money received for transmission pursuant to a written agreement between the licensee and payee to process payments for goods or services provided by the payee.
(2) Every licensee shall refund to the sender within ten days after receipt of the sender's written request for a refund any and all money received for transmission unless any of the following occurs:
(a) The money has been forwarded within ten days after the date on which the money was received for transmission;
(b) Instructions have been given committing an equivalent amount of money to the person designated by the sender within ten days after the date on which the money was received for transmission;
(c) The agreement between the licensee and the sender instructs the licensee to forward the money at a time that is beyond ten days after the date on which the money was received for transmission. If money has not yet been forwarded in accordance with the terms of the agreement between the licensee and the sender, the licensee shall issue a refund in accordance with the other provisions of this section.
(d) The refund is requested for a transaction that the licensee has not completed based on a reasonable belief or a reasonable basis to believe that a crime or violation of law, rule, or regulation has occurred, is occurring, or may occur; or
(e) The refund request does not enable the licensee to:
(I) Identify the sender's name and address or telephone number; or
(II) Identify the particular transaction to be refunded in the event the sender has multiple transactions outstanding.
Source: L. 2025: Entire article R&RE, (HB 25-1201), ch. 91, p. 402, § 1, effective August 6.
Frequently Asked Questions About Colorado § 11-110-902
What does Colorado Revised Statutes § 11-110-902 cover?
Section 11-110-902 ("Refunds.") 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 § 11-110-902?
A common citation format is "Colorado Revised Statutes § 11-110-902" (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 § 11-110-902 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.