Colorado State interest rate and usury law. The Colorado maximum allowed interest rate is 8% annually for undocumented loans and 45% for loans between parties who have agreed upon terms in writing. The Colorado State code Article 12 Statute 5-12-101 may include other exceptions.
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Mar 15, 2020 · Colorado State interest rate and usury law. The Colorado maximum allowed interest rate is 8% annually for undocumented loans and 45% for loans between parties who have agreed upon terms in writing. The Colorado State code Article 12 Statute 5-12-101 may include other exceptions.
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The Colorado Uniform Consumer Credit Code (UCCC) is a state law that regulates the terms and conditions of consumer credit in the State of Colorado. It sets maximum rates and charges, requires disclosure of the cost of credit so consumers may shop for the best rates, and provides remedies for consumers on default.
In such cases the rate of interest must not exceed 45 percent per annum, and any such stipulation may be enforced in any court of competent jurisdiction in the state. According to Section 5-2-201, interest rate for a consumer loan must not exceed 12 percent per year on the unpaid balance of the amount financed, unless made by supervised lender.
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You must certify and submit notice of your attendance to a CLE program or completion of an on-demand program to your online transcript at www.cletrack.com. The easiest way to report your attendance at a program or completion of an on-demand program is to have the Colorado Program ID before you begin entry.
45 credit hoursThe Mandatory Continuing Legal Education (MCLE) requirement for all actively licensed Colorado lawyers (under the age of 72) is 45 credit hours of CLE, of which seven must be professional responsibility.
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Colorado CLE Requirements at a Glance Carry Over Credits: Attorneys cannot carry over credits into the next year. Reporting: Deadline is January 31st. Attorneys can complete an affidavit for their courses here.
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Brian D. BoatrightBrian D. Boatright has been the chief justice of the Colorado Supreme Court since January 2021. He was a 2011 appointee of Gov.Jan 3, 2022