4 Colo. Code Regs. § 902-1-11

Current through Register Vol. 47, No. 16, August 25, 2024

Rule 4 CCR 902-1-11 - Payoff Quotes

(a) A creditor must deliver or mail a written payoff quote to a consumer within five (5) business days after receipt of the consumer's written request. If so requested by the consumer, the quote may be made by electronic means or orally. A business day does not include a Saturday, Sunday, or legal holiday. No fee may be charged for a payoff quote.

(b) The payoff quote must include the date by which payment must be made for the payoff quote to be valid.

(c) The creditor may require the consumer to provide reasonable identifying information such as the consumer(s) name, date of birth, social security number, account number, and consumer's signature.

4 CCR 902-1-11

Repealed effective November 1, 2000

Rule 10 eff. 08/01/2007.

Rule 16 eff. 08/01/2007.

Rule 14 eff. 01/01/2008.

Rule16 eff. 01/01/2008.

Rules 14 eff. 10/01/2008.

Rule 13 eff. 07/30/2009.

Rule 2 eff. 07/30/2009

Rule 3 eff. 07/30/2009.

Rule 4 eff. 07/30/2009.

Rule 6 eff. 07/30/2009.

Rule 8 eff. 07/30/2009.

Rule 9 eff. 07/30/2009.

Rule10 eff. 07/30/2009.

Rule14 repealed eff. 07/30/2009.

Rule 16 (1st un - numbered paragraph); eff.11/29/2010.

Rule 17 eff. 11/29/2010.