Section 18-15-105 - Financing extortionate extensions of credit

Any person who knowingly advances money or property, whether as a gift, a loan, or an investment, pursuant to a partnership or profit-sharing agreement, or otherwise, to any person, with reasonable grounds to believe that it is the intention of the person to whom the advance is made to use the money or property, directly or indirectly, for the purpose of making an extortionate extension of credit, commits financing extortionate extensions of credit, which is a class 5 felony.L. 72: p. 290, § 3. C.R.S. 1963: § 40-15-105. L. 89: Entire section amended, p. 843, § 104, effective July 1.