Colorado § 5-3-205 - Use of multiple agreements.
Full text of Colorado Colorado Revised Statutes § 5-3-205 — Use of multiple agreements., with citation guidance and answers to common questions.
§ 5-3-205. Use of multiple agreements.
A creditor may not use multiple agreements with respect to a single consumer credit transaction for the purpose of obtaining a higher finance charge than would otherwise be permitted by this code or to avoid disclosure of an annual percentage rate pursuant to the provisions on disclosure and advertising. Dividing a single consumer credit transaction between a husband and wife shall be presumed to be a violation of this section. The excess amount of finance charge provided for in agreements in violation of this section is an excess charge for the purposes of the provisions on the effect of violations on rights of parties contained in section 5-5-201 and the provisions on civil actions by the administrator contained in section 5-6-114.
Source: L. 2000: Entire article R&RE, p. 1219, § 1, effective July 1.
Editor's note: This section is similar to former §§ 5-2-402 and 5-3-409, as they existed prior to 2000.
ANNOTATION
Law reviews. For article, "State Variations of the Uniform Consumer Credit Code: The Case for Legislative Restraint", see 48 Den. L.J. 239 (1971).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-3-205
What does Colorado Revised Statutes § 5-3-205 cover?
Section 5-3-205 ("Use of multiple agreements.") 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 § 5-3-205?
A common citation format is "Colorado Revised Statutes § 5-3-205" (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 § 5-3-205 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.