Colorado § 5-20-210 - Prohibited conduct.
Full text of Colorado Colorado Revised Statutes § 5-20-210 — Prohibited conduct., with citation guidance and answers to common questions.
§ 5-20-210. Prohibited conduct.
(1) A private education creditor shall not:
(a) Offer any private education credit obligation that does not comply with this part 2 or with rules or orders of the administrator that are issued under this part 2 or that violates any other state or federal law;
(b) Engage in any unfair, deceptive, or abusive act or practice;
(c) (I) Take an assignment of earnings of the private education credit borrower or cosigner for payment or as a security for payment of a debt arising out of a private education credit obligation. An assignment of earnings in violation of this section is unenforceable by the assignee of the earnings and revocable by the borrower or cosigner.
(II) A sale of unpaid earnings made in consideration of the payment of money to or for the account of the seller of the earnings is deemed to be a credit obligation to the seller, secured by an assignment of earnings.
(d) Make, advertise, print, display, publish, distribute, electronically transmit, telecast, or broadcast, in any manner, any statement or representation that is false, misleading, or deceptive.
Source: L. 2021: Entire part added, (SB 21-057), ch. 378, p. 2525, § 5, effective June 29. L. 2023: IP(1), (1)(a), and (1)(c) amended, (SB 23-248), ch. 360, p. 2163, § 25, effective August 7.
Frequently Asked Questions About Colorado § 5-20-210
What does Colorado Revised Statutes § 5-20-210 cover?
Section 5-20-210 ("Prohibited conduct.") 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 § 5-20-210?
A common citation format is "Colorado Revised Statutes § 5-20-210" (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 § 5-20-210 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.