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Section 5-3-401 - Definitions - "home solicitation sale" — Colorado Law | CourtGPT
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  4. Title 5 - Consumer Credit Code Consumer Credit Code (§§ 5-1-101 — 5-9.3-109)/
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  6. Article 3 - Regulation of Agreements and Practices/
  7. Part 4 - Home Solicitation Sales/
  8. Section 5-3-401 - Definitions - "home solicitation sale"
Colorado Legal Code

Section 5-3-401 - Definitions - "home solicitation sale"

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'Home solicitation sale' means a consumer credit sale of goods or services in which the seller or a person acting for the seller personally solicits the sale and the buyer's agreement or offer to purchase is given to the seller or a person acting for the seller at a residence. It does not include a sale made pursuant to a preexisting revolving credit account, a sale made pursuant to prior negotiations between the parties at a business establishment at a fixed location where goods or services are offered or exhibited for sale, a transaction conducted and consummated entirely by mail or telephone, or a sale that is subject to the provisions of the federal 'Truth in Lending Act' on the consumer's right to rescind certain transactions.L. 2000: Entire article R&RE, p. 1222, § 1, effective July 1.This section is similar to former § 5-2-501, as it existed prior to 2000. For the definition and federal statutory cite of the 'Truth in Lending Act', see § 5-1-302.