Colorado § 5-19-203 - Exempt agreements and persons.
Full text of Colorado Colorado Revised Statutes § 5-19-203 — Exempt agreements and persons., with citation guidance and answers to common questions.
§ 5-19-203. Exempt agreements and persons.
(a) This part 2 does not apply to an agreement with an individual who the provider has no reason to know resides in this state at the time of the agreement.
(b) This part 2 does not apply to a provider to the extent that the provider:
(1) Provides or agrees to provide debt-management, educational, or counseling services to an individual who the provider has no reason to know resides in this state at the time the provider agrees to provide the services;
(2) Receives no compensation for debt-management services from or on behalf of the individuals to whom it provides the services or from their creditors;
(3) Provides debt-management services only to persons that have incurred debt in the conduct of business; or
(4) Is subject to the "Colorado Foreclosure Protection Act", part 11 of article 1 of title 6.
(c) This part 2 does not apply to the following persons or their employees when the person or the employee is engaged in the regular course of the person's business or profession:
(1) A judicial officer, a person acting under an order of a court or an administrative agency, or an assignee for the benefit of creditors;
(2) A bank;
(3) An affiliate, as defined in section 5-19-202 (2)(B)(i), of a bank if the affiliate is regulated by a federal or state banking regulatory authority; or
(4) A title insurer, escrow company, or other person that provides bill-paying services if the provision of debt-management services is incidental to the bill-paying services.
Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1140, § 4, effective August 9.
Editor's note: This section is similar to former § 12-14.5-203 as it existed prior to 2017.
Frequently Asked Questions About Colorado § 5-19-203
What does Colorado Revised Statutes § 5-19-203 cover?
Section 5-19-203 ("Exempt agreements and persons.") 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 § 5-19-203?
A common citation format is "Colorado Revised Statutes § 5-19-203" (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 § 5-19-203 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.