A guide to Payday Loans in Colarado, USA. 

What are the Citation (s) to Payday Loan or Small Loan Laws in Colarado? 
A: The relevant citation regarding Payday Loans in the Colarado State Jurisdiction is Colo. Rev. Stats. § 5-3.1-101 et seq.

Colarado State Payday Loan FAQs:

Q: Are Payday Loans legal in Colarado? 
A: Yes Payday Loans are legal in Colarado. 

Q: What is the Maximum Cash Advance Loan Amount in Colarado? 
A: The maximum payday loan amount is $500. 

Q: What is the Maximum Payday Loan Term in Colarado State? 
A: The Maximum Payday Loan Term in Colarado is 40 days. 

Q: What is the Maximum Fee for Cash Advance Loans in Colarado?
A: The maximum Finance Rate and Fees for Cash advance loans in Colarado is 20%: $0-$300 + 7.5%: $301-$500 (So, if you take a loan of $300 you will pay $60 as fee, and if you take a loan of $400 you will pay $60+$7.50 ($67.50) as fee)

Q: What is the Finance charge for 14-day $100 payday loan in Colarado State?
A: The finance charge for a 14-day $100 loan in Colarado is $20. 



Q: What is the APR for 14-day $100 payday loan in Colarado?
A: The APR for 14-day $100 payday loan in Colarado is 520 percent. 

Q: Is there a limit on the number of payday loans I can take at one time In Colarado? 
A: Yes, you can only take one payday loan at one time. 

Q: How many times can the lender rollover my payday loan in Colarado?
A: You can rollover (renew) a payday loan only once in Colarado. 

Q: Can I be charged a collection fee for a payday loan?
A: Yes, the collection fee in Colarado is $25 NSF fee; Court Costs; Reasonable Attorney's Fees not to exceed loan amount

Q: If I cannot repay my payday loan can the lender initiate a criminal action?
A: No, the lender cannot initiate a criminal action unless the consumer's account was closed before the agreed upon negotiation date. 

Contact the Department Of Financial Institutions

If you have questions about payday loans please contact the Colarado Department of Financial Institutions at:

Colorado Office of the Attorney General
Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver, CO 80203
Phone: (303) 866-4494
Fax: (303) 866-5691
Regulatory Contact: Laura Udis, Administrator

Website: http://www.ago.state.co.us/uccc/ucccmain.cfm

Where can I find a payday loan store in Colarado? 

You can find the store nearest to your location by simply clicking on this link  loc: Colarado