Colorado § 5-10-402 - Form requirements.
Full text of Colorado Colorado Revised Statutes § 5-10-402 — Form requirements., with citation guidance and answers to common questions.
§ 5-10-402. Form requirements.
(1) The information required by this part 4:
(a) Shall be disclosed in writing in a rental purchase agreement;
(b) Shall be set forth clearly and conspicuously, in not less than eight point standard type;
(c) Shall be set apart and not contain any information not directly related to the disclosures;
(d) Shall be stated using words and phrases of common meaning;
(e) Need not be contained in a single writing or made in the order set forth in this part 4; and
(f) May be supplemented by additional information or explanations supplied by the lessor, so long as the additional information is not stated, utilized, or placed in a manner which will confuse the lessee or contradict, obscure, or distract attention from the required information. The additional information or explanations shall not have the effect of circumventing, evading, or unduly complicating the information required to be disclosed.
(2) The lessor shall disclose all information required by this part 4 before the rental purchase agreement is consummated.
(3) Before any payment is due, the lessor shall furnish the lessee with an exact copy of the rental purchase agreement, which shall be signed by the lessee and which shall evidence the lessee's agreement. If there is more than one lessee in a rental purchase agreement, delivery of a copy of the rental purchase agreement to one of the lessees constitutes compliance with this subsection (3).
Source: L. 90: Entire article added, p. 370, § 1, effective January 1, 1991.
Frequently Asked Questions About Colorado § 5-10-402
What does Colorado Revised Statutes § 5-10-402 cover?
Section 5-10-402 ("Form requirements.") 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 § 5-10-402?
A common citation format is "Colorado Revised Statutes § 5-10-402" (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 § 5-10-402 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.