Colo. Rev. Stat. § 5-10-703
Assignee liability
Colorado · Colorado Revised Statutes Title 5 — Consumer Credit Code · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 5-10-703, Assignee liability, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2283776
- Permanent ID
ys:prov:2283776@1- SHA-256
d271573f912171dd1c51513c377fba3badb5644156084b19177708716f081f7f
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) With respect to a rental purchase agreement, an assignee of the rights of the lessor is subject to all claims and defenses of the lessee against the lessor arising from the lease of property or services, notwithstanding that the assignee is the holder in due course of a negotiable instrument issued in violation of the provisions prohibiting certain negotiable instruments.
(2) A claim or defense of a lessee specified in subsection (1) of this section may be asserted against the assignee under this section only to the extent of the amount owing and paid to the assignee and assignor.
(3) An agreement may not limit or waive the claims or defenses of a lessee under this section.