Colorado § 5-19-103 - Definitions.
Full text of Colorado Colorado Revised Statutes § 5-19-103 — Definitions., with citation guidance and answers to common questions.
§ 5-19-103. Definitions.
As used in this part 1, unless the context otherwise requires:
(1) "Buyer" means any individual who is solicited to purchase or who purchases the services of a credit services organization.
(2) "Credit services organization" means any person, including a nonprofit organization exempt from taxation under section 501 (c)(3) of the federal "Internal Revenue Code of 1986", who, with respect to the extension of credit by others, represents that the person can or will, in return for the payment of money or other valuable consideration by the buyer, improve or attempt to improve a buyer's credit record, history, or rating. The term "credit services organization" does not include any person licensed to practice law in this state if he or she renders credit services within the course and scope of his or her practice as an attorney.
(3) "Extension of credit" means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes.
(4) "Person" includes any individual, corporation, partnership, joint venture, or any business entity.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1132, § 4, effective August 9.
Editor's note: This section is similar to former § 12-14.5-103 as it existed prior to 2017.
Frequently Asked Questions About Colorado § 5-19-103
What does Colorado Revised Statutes § 5-19-103 cover?
Section 5-19-103 ("Definitions.") 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 § 5-19-103?
A common citation format is "Colorado Revised Statutes § 5-19-103" (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 § 5-19-103 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.