Colorado § 5-4-304 - Cancellation by creditor.
Full text of Colorado Colorado Revised Statutes § 5-4-304 — Cancellation by creditor., with citation guidance and answers to common questions.
§ 5-4-304. Cancellation by creditor.
This section does not apply to an insurance premium loan. A creditor shall not request cancellation of a policy of property or liability insurance except after the consumer's default or in accordance with a written authorization by the consumer, and in either case the cancellation does not take effect until written notice is delivered to the consumer or mailed to the consumer at his or her address as stated by the consumer. The notice shall state that the policy may be canceled on a date not less than ten days after the notice is delivered or, if the notice is mailed, not less than thirteen days after it is mailed.
Source: L. 2000: Entire article R&RE, p. 1233, § 1, effective July 1.
Editor's note: This section is similar to former § 5-4-304, as it existed prior to 2000.
ARTICLE 5
Remedies and Penalties
PART 1
LIMITATIONS ON CREDITORS' REMEDIES
5-5-101. Short title.
5-5-102. Scope.
5-5-103. Restrictions on deficiency judgments in consumer credit sales.
5-5-104. Insecurity and impaired collateral.
5-5-105. No garnishment before judgment.
5-5-106. Limitation on garnishment - definitions.
5-5-107. No discharge from employment for garnishment.
5-5-108. Extortionate extensions of credit.
5-5-109. Unconscionability - inducement by unconscionable conduct - unconscionable debt collection.
5-5-110. Notice of right to cure.
5-5-111. Cure of default.
5-5-112. Attorney fees.
PART 2
CONSUMERS' REMEDIES
5-5-201. Effect of violations on rights of parties.
5-5-202. Civil liability for violation of disclosure provisions.
5-5-203. Consumer's right to rescind certain transactions.
5-5-204. Interests in land.
5-5-205. Refunds and penalties as set-off to obligation.
5-5-206. Civil liability for discrimination.
PART 3
CRIMINAL PENALTIES
5-5-301. Willful violations.
5-5-302. Disclosure violations.
PART 1
LIMITATIONS ON CREDITORS' REMEDIES
Frequently Asked Questions About Colorado § 5-4-304
What does Colorado Revised Statutes § 5-4-304 cover?
Section 5-4-304 ("Cancellation by creditor.") 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 § 5-4-304?
A common citation format is "Colorado Revised Statutes § 5-4-304" (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 § 5-4-304 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.