On Mar. 10, COL LEG adopted debt-management services fee rule.
COL LEG Department of Law adopted COL LEG 4-902-2, Fees charged to consumers for debt-management services, in order to implement bill HB 24-1380, see #213407.
Published opinion of the attorney general finding no legal/constitutional deficiency.
Adopted Rule
HB 24-1380, the Uniform debt-management services act, authorized Administrator to adopt rules regarding fees charged to consumers for debt-management services.
COL LEG has chosen to adopt the old fee structure in place by statute prior to the bill.
Effectiveness
Final rule is effective Mar. 30, 2025.
Regulators
COL LEG
Entity Types
Bank; Corp
Reference
COL SR Vol. 48 No. 5, RF, 3/10/2025; RF 2024-00603, 2/24/2025; Info, 2/7/2025; HB24-1380; Citation: COL LEG 4-902-2;
Functions
Compliance; Financial; Legal; Operations; Record Retention; Reporting
