Last Update 12/05/05
PAYDAY PLUS SOFTWARE, INC. IS IN THE BUSINESS OF WRITING SOFTWARE...NOT LEGISLATION MONITORING. WE DO, HOWEVER, PICKUP INFORMATION ALONG THE WAY AND AS WE HAVE TIME, POST IT ON THIS SITE. THE INFORMATION MAY BE UNRELIABLE AND CONTAIN HEARSAY, LET ALONE TYPOS! PAYDAY PLUS SOFTWARE, INC. MAKES NO WARRANTEE OF THIS CONTENT. PLEASE LET US KNOW IF ANY OF THE FOLLOWING LINKS BREAK, IF YOU HAVE ANY BREAKING NEWS, IF YOU KNOW OF BLARING ERRORS, OR IF YOU KNOW OF ANY LINKS WE SHOULD ADD! THANK YOU! EMAIL sales@paydayplus.com - PHONE @ 303-741-9031.
7/1/00 - New law that applies to transactions entered on or after July 1, 2000, including new loans, renewals, refinances, rollovers and extensions. See SB 144 and HB 1185 for details.
7/20/99 - Letter to Gary Leiker (UCCC Consumer Credit Examiner) requesting approval of Debtor Log records kept within Payday Plus Software.
6/10/99 - One contract can be paid off by another contract (some use the term rollover, or renewal) as long as the customer does not already have 2 loans outstanding, however, a record cross referencing the 2 contracts must be kept. An extention of the payback date on an existing contract with no additional fee is allowed, however, a record of each time a contract's payback date was extended must be kept.
6/9/99 - Clarification of Rule 10 - All Payday Advance transactions must be recorded into a debtor's log. This log must contain the following information: Contract Date, Original Due Date (in addition to the current Due Date if a contract has been extended), Actual Payment Date.
5/11/99 - Sorry, no summary at this time. Please review the state website below for more information.
CO - These links go directly to Colorado State's Uniform Consumer Credit Code Section
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http://www.ago.state.co.us/UCCC/suretybondform.pdf Surety Bond No. __ SURETY BOND OF SUPERVISED LENDER Colorado Uniform Consumer Credit Code (§ § 5- 2- 302, 5- 2- 304, C. R. S. & UCCC Rule 9, 4 CCR 902- 1) KNOW ALL PERSONS by these presents that __ (applicant- licensee name) of ... http://www.ago.state.co.us/UCCC/suretybondform.pdf - size 8.6K |
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Microsoft
Word - suplenderlicenseapp.doc All consumer lenders must comply with the Colorado UCCC and the federal Truth in Lending Act and Regulation Z. Some of the regulatory provisions of the UCCC include disclosure of the cost of ... http://www.ago.state.co.us/UCCC/suplendlicenseapp.pdf - size 173.0K |
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http://www.ago.state.co.us/UCCC/annrep/SLANNREPORT2002.pdf KEN SALAZAR STATE OF COLORADO 1525 STATE Sherman SERVICES Street BUILDING - 5th Floor Attorney General DEPARTMENT OF LAW Denver, Colorado 80203 DONALD Chief Deputy S. QUICK Attorney General Phone (303) 866- ... http://www.ago.state.co.us/UCCC/annrep/SLANNREPORT2002.pdf - size 149.0K |
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1999 DEFERRED
DEPOSIT LENDERS SUPERVISED LENDERS'
ANNUAL REPORT This is a composite of all reports made to the Administrator of the Uniform Consumer Credit Code, pursuant to §5-2-304(2), previously 5-3-505(2), C.R.S. from deferred deposit ... http://www.ago.state.co.us/UCCC/annrep/pdannrep.htm - size 6.2K |
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Colorado
Attorney General - Press Release 07/16/01 Denver-- Attorney General Ken Salazar announced today that his office has filed a civil lawsuit against a payday lending company alleging violations of Colorado's recently enacted ... http://www.ago.state.co.us/PRESREL/presrl2001/prsrl68.stm - size 5.6K |
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Colorado Attorney
General The Colorado Uniform Consumer Credit Code ("UCCC") was adopted by the Colorado General Assembly in 1971 to make uniform the various laws in the State relating to consumer credit. The goal of the UCCC is to balance a ... http://www.ago.state.co.us/uccc/uclicnot.htm - size 13.7K |
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Microsoft Word
- ucccrules.doc UNIFORM CONSUMER CREDIT CODE RULES Rule 1 Right to Rescind Certain Transactions (repealed effective November 1, 2000). Rule 2 Limitations on Garnishment of Earnings for Pay Periods Other Than a Week (a) For ... http://www.ago.state.co.us/UCCC/RULES/ucccrules.pdf - size 33.9K |
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Old Links:
Comments on Rule 9, 10, and 12 at the
UCCC 2/2/98 meeting
1. Extending Payback Dates - when you extend a payback date, you must enter that extention as a renewal, even if you collect no money or charge no additional fee. That renewal record then gives the auditor the information they need to keep track of the original Payback Date and the number of times you renewed the contract.
