Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 5-3-301 - Restriction on liability in consumer lease — Colorado Law | CourtGPT
  1. Home/
  2. Laws/
  3. Colorado/
  4. Title 5 - Consumer Credit Code Consumer Credit Code (§§ 5-1-101 — 5-9.3-109)/
  5. Consumer Credit Code/
  6. Article 3 - Regulation of Agreements and Practices/
  7. Part 3 - Limitations on Consumers' Liabilities/
  8. Section 5-3-301 - Restriction on liability in consumer lease
Colorado Legal Code

Section 5-3-301 - Restriction on liability in consumer lease

Ask AI about this
The obligation of a lessee upon expiration of a consumer lease, may not exceed twice the average payment allocable to a monthly period under the lease. This limitation does not apply to charges for damages to the leased property or for other default.L. 2000: Entire article R&RE, p. 1221, § 1, effective July 1.This section is similar to former § 5-2-406, as it existed prior to 2000.