Legal Status
Prohibited via Usury Cap
Citation
Colo. Rev. Stat. 5-3.1-101 et seq. (2018 Ballot Measure capped APR at 36%)
Loan Terms
Maximum Finance Rate and Fees: 36% APR Usury Cap, effectively prohibiting payday loans.
Prohibited via Usury Cap
Colo. Rev. Stat. 5-3.1-101 et seq. (2018 Ballot Measure capped APR at 36%)
Maximum Finance Rate and Fees: 36% APR Usury Cap, effectively prohibiting payday loans.