Colorado § 5-3-304 - Use of account - constructive assent to terms.
Full text of Colorado Colorado Revised Statutes § 5-3-304 — Use of account - constructive assent to terms., with citation guidance and answers to common questions.
§ 5-3-304. Use of account - constructive assent to terms.
The use of a revolving credit account by a consumer, or by any person authorized by the consumer, constitutes the consumer's acceptance of the creditor's offer of credit and creates a binding contract on the creditor's terms then in effect. Such terms may be modified in the future as agreed by the parties and subject to the requirements of this article, including, but not limited to, the notice requirements of section 5-3-103.
Source: L. 2000: Entire article R&RE, p. 1222, § 1, effective July 1.
Editor's note: This section is similar to former §§ 5-2-417 and 5-3-411, as they existed prior to 2000.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 5-3-304
What does Colorado Revised Statutes § 5-3-304 cover?
Section 5-3-304 ("Use of account - constructive assent to terms.") 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 § 5-3-304?
A common citation format is "Colorado Revised Statutes § 5-3-304" (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 § 5-3-304 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.