Colo. Rev. Stat. § 5-16-110

Current through Chapter 519 of the 2024 Legislative Session and Chapter 2 of the 2024 First Extraordinary Session

Section 5-16-110 - Multiple debts

If any consumer owes multiple debts and makes any single payment to any collection agency with respect to such debts, the collection agency shall not apply the payment to any debt which is disputed by the consumer and when so informed shall apply the payment in accordance with the consumer's directions.

C.R.S. § 5-16-110

Renumbered from C.R.S. § 12-14-110 and amended by 2017 Ch. 260,§ 1, eff. 8/9/2017.

L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1089, § 1, effective August 9.

This section is similar to former § 12-14-110 as it existed prior to 2017.