Colo. Rev. Stat. § 5-3-107
Disclosures for consumer credit sale secured by a motor vehicle
Colorado · Colorado Revised Statutes Title 5 — Consumer Credit Code · Status: effective
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- Citation
- Colo. Rev. Stat. § 5-3-107, Disclosures for consumer credit sale secured by a motor vehicle, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2283584
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Full text
If the property that secures a consumer credit sale includes a motor vehicle and the written agreement does not provide for automobile liability insurance, the following clause shall be in the written agreement in capital letters and bold-face type: "THIS CONTRACT DOES NOT PROVIDE FOR AUTOMOBILE LIABILITY INSURANCE, AND SAID BUYER ALSO STATES THAT HE OR SHE HAS/DOES NOT HAVE (strike words not applicable) IN EFFECT AN AUTOMOBILE LIABILITY POLICY AS DEFINED IN SECTION 42-7-103 (2), COLORADO REVISED STATUTES, ON THE MOTOR VEHICLE SOLD BY THIS CONTRACT."