Colorado § 5-1-107 - Effect of code on powers of organizations.
Full text of Colorado Colorado Revised Statutes § 5-1-107 — Effect of code on powers of organizations., with citation guidance and answers to common questions.
§ 5-1-107. Effect of code on powers of organizations.
(1) This code prescribes maximum charges for all creditors extending consumer credit except lessors and those excluded in sections 5-1-202 and 5-2-213 and displaces existing limitations on the powers of those creditors based on maximum charges.
(2) With respect to sellers of goods or services, small loan companies, licensed lenders, consumer and sales finance companies, loan companies, and commercial banks and trust companies, this code displaces existing limitations on their powers based solely on amount or duration of credit.
(3) Except as provided in subsection (1) of this section, this code does not displace limitations on powers of credit unions, savings banks, savings and loan associations, or other thrift institutions whether organized for the profit of shareholders or as mutual organizations.
(4) Except as provided in subsections (1) and (2) of this section, this code does not displace:
(a) Limitations on powers of supervised financial organizations, as defined in section 5-1-301 (45), with respect to the amount of a loan to a single borrower, the ratio of a loan to the value of collateral, the duration of a loan secured by an interest in land, or other similar restrictions designed to protect deposits; or
(b) Limitations on powers an organization is authorized to exercise under the laws of this state or the United States.
Source: L. 2000: Entire article R&RE, p. 1180, § 1, effective July 1. L. 2013: (2) amended, (SB 13-154), ch. 282, p. 1468, §19, effective July 1. L. 2023: (1) amended, (HB 23-1229), ch. 375, p. 2245, § 4, effective July 1, 2024.
Editor's note: This section is similar to former § 5-1-108, as it existed prior to 2000.
PART 2
SCOPE AND JURISDICTION
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-1-107
What does Colorado Revised Statutes § 5-1-107 cover?
Section 5-1-107 ("Effect of code on powers of organizations.") 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 § 5-1-107?
A common citation format is "Colorado Revised Statutes § 5-1-107" (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 § 5-1-107 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.