Colo. Rev. Stat. § 5-3-209

Current through Acts effective through 6/7/2024 of the 2024 Legislative Session
Section 5-3-209 - Referral sales

With respect to a consumer credit sale or consumer lease, the seller or lessor may not give or offer to give a rebate or discount or otherwise pay or offer to pay value to the consumer as an inducement for a sale or lease in consideration of the consumer giving to the seller or lessor the names of prospective purchasers or lessees, or otherwise aiding the seller or lessor in making a sale or lease to another person, if the earning of the rebate, discount, or other value is contingent upon the occurrence of an event subsequent to the time the consumer agrees to buy or lease. If a consumer is induced by a violation of this section to enter into a consumer credit sale or consumer lease, the agreement is unenforceable by the seller or lessor and the consumer, at his or her option, may rescind the agreement or retain the goods delivered and the benefit of any services performed without any obligation to pay for them.

C.R.S. § 5-3-209

L. 2000: Entire article R&RE, p. 1220, § 1, effective July 1.

This section is similar to former § 5-2-411, as it existed prior to 2000.