Colorado § 5-4-106 - Unconscionability.
Full text of Colorado Colorado Revised Statutes § 5-4-106 — Unconscionability., with citation guidance and answers to common questions.
§ 5-4-106. Unconscionability.
(1) In applying the provisions of this code on unconscionability contained in sections 5-5-109 and 5-6-112 to a separate charge for insurance, consideration shall be given, among other factors, to:
(a) Potential benefits to the consumer including the satisfaction of the consumer's obligations;
(b) The creditor's need for the protection provided by the insurance; and
(c) The relation between the amount and terms of credit granted and the insurance benefits provided.
(2) If consumer credit insurance otherwise complies with this article and other applicable law, neither the amount nor the term of the insurance nor the amount of a charge therefor is in itself unconscionable.
Source: L. 2000: Entire article R&RE, p. 1226, § 1, effective July 1.
Editor's note: This section is similar to former § 5-4-106, as it existed prior to 2000.
Frequently Asked Questions About Colorado § 5-4-106
What does Colorado Revised Statutes § 5-4-106 cover?
Section 5-4-106 ("Unconscionability.") 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 § 5-4-106?
A common citation format is "Colorado Revised Statutes § 5-4-106" (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 § 5-4-106 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.