Colorado § 5-3-105 - Notice to cosigners and similar parties.
Full text of Colorado Colorado Revised Statutes § 5-3-105 — Notice to cosigners and similar parties., with citation guidance and answers to common questions.
§ 5-3-105. Notice to cosigners and similar parties.
(1) No natural person, other than the spouse of the consumer, shall be obligated as a cosigner, comaker, guarantor, endorser, surety, or similar party with respect to a consumer credit transaction, unless before or contemporaneously with signing any agreement of obligation or any writing setting forth the terms of the consumer's agreement, the person receives a written notice that contains a completed identification of the debt he or she may have to pay and reasonably informs such person of his or her obligation with respect to it. Such written notice may be set forth in the consumer's agreement of obligation or in a separate writing. For purposes of this section, the word "cosigner", "comaker", "guarantor", "endorser", or "surety" means a natural person who, by agreement and without compensation, renders himself or herself liable for the obligation of another in a consumer credit transaction, and the terms "agreement" and "consumer's agreement" mean the original underlying agreement.
(2) The notice required by this section must be a clear and conspicuous notice and comply with the disclosure requirements of 16 CFR 444.3.
(3) The notice required by this section need not be given to a seller, lessor, or lender who is obligated to an assignee of his or her rights.
(4) A person entitled to notice pursuant to this section shall also be given a copy of any writing setting forth the terms of the consumer's agreement and of any separate agreement of obligation signed by the person entitled to the notice.
(5) A cosignor is entitled to a notice of right to cure pursuant to sections 5-5-110 (4) and 5-5-111 (3).
Source: L. 2000: Entire article R&RE, p. 1216, § 1, effective July 1. L. 2023: (2) amended, (HB 23-1301), ch. 303, p. 1815, § 1, effective August 7.
Editor's note: (1) This section is similar to former § 5-5-109, as it existed prior to 2000.
(2) Although this section was effective July 1, 2000, section 5 of chapter 265, Session Laws of Colorado 2000, provides that the disclosures described in subsection (5) are effective January 1, 2001.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-3-105
What does Colorado Revised Statutes § 5-3-105 cover?
Section 5-3-105 ("Notice to cosigners and similar parties.") 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 § 5-3-105?
A common citation format is "Colorado Revised Statutes § 5-3-105" (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 § 5-3-105 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.