Colo. Rev. Stat. § 5-10-503

Current through Acts effective through 7/1/2024 of the 2024 Legislative Session
Section 5-10-503 - Balloon payments

A lessee shall not be required to make a payment in addition to regular lease payments in order to acquire ownership of the lease property, nor shall the lessee be required to pay lease payments totaling more than the cost to acquire ownership, as provided in section 5-10-401 (1)(b).

C.R.S. § 5-10-503

L. 90: Entire article added, p. 371, § 1, effective 1/1/1991.