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Home » US Law » 2022 Colorado Code » Title 5 - Consumer Credit Code » Article 12 - Interest - General Provisions

§ 5-12-101. Legal Rate of Interest

If there is no agreement or provision of law for a different rate, the interest on money shall be at the rate of eight percent per annum, compounded annually. Source: L. 71: R&RE, p. 852, § 1. C.R.S. 1963: § 73-12-101. L. 75: Entire section amended, p. 257, § 1, effective July 1. L. 79: […]

§ 5-12-102. Statutory Interest

Except as provided in section 13-21-101, C.R.S., when there is no agreement as to the rate thereof, creditors shall receive interest as follows: When money or property has been wrongfully withheld, interest shall be an amount which fully recognizes the gain or benefit realized by the person withholding such money or property from the date […]

§ 5-12-103. Greater Rate May Be Stipulated

The parties to any bond, bill, promissory note, or other instrument of writing may stipulate therein for the payment of a greater or higher rate of interest than eight percent per annum, but not exceeding forty-five percent per annum, and any such stipulation may be enforced in any court of competent jurisdiction in the state, […]

§ 5-12-104. Warrants to Bear Six Percent

County orders and warrants, town and city and school orders and warrants, and other like evidences or certificates of municipal indebtedness, shall bear interest at the rate of six percent per annum from the date of the presentation thereof for payment at the treasury where the same may be payable, until there is money in […]

§ 5-12-105. Interest Upon Foreclosure

In all cases where real estate shall be sold under execution or by virtue of the foreclosure of any mortgage, deed of trust, or other lien, the indebtedness and costs for which any certificate of purchase may issue shall bear interest at the rate specified in the original instrument. Source: L. 71: R&RE, p. 852, […]

§ 5-12-106. Rate of Interest on Judgments Which Are Appealed

Except as provided in section 13-21-101, C.R.S., where there is no written agreement as to the rate of interest, creditors shall receive interest as follows: If a judgment for money in a civil case is appealed by a judgment debtor and the judgment is affirmed, interest, as set out in subsections (2) and (3) of […]

§ 5-12-107. Commercial Credit Plans – Definitions

Any creditor may offer and extend credit to the debtor under a commercial credit plan. Without limitation, credit may be extended under a commercial credit plan by the creditor’s acquisition of obligations including, without limitation, obligations arising out of the honoring by a seller or another person of a credit device made available to the […]