Payday Loans or “Quick Cash” loans come in real handy when you are short on cash. Today you can go to brick and mortar business for a payday loan or cash advance loan and you can even get online payday loans. The interest rates are a little healthy, but the speed and convenience of getting the cash quick to cover an unexpected expense overrides the costs.

These are the rules, laws and regulations of payday loans in Colorado.

Colorado State Information

Payday Loan Legal Status: Legal

Citation:
Colo. Rev. Stat. § 5-3.1-101 et seq.

Payday Loan Terms:

Maximum Payday Loan Amount: $500
Payday Loan Term: Max: 40 days

Maximum Finance Rate and Fees: 20%: $0-$300 + 7.5%: $301-$500
Finance Charge for 14-day $100 payday loan: $20
APR for 14-day $100 loan: 520%

Payday Loan Debt Limits:

Maximum Number of Outstanding Payday Loans at One Time: One
Rollovers Permitted: One
Cooling-off Period:
Repayment Plan:

Payday Loan Collection Limits:
Collection Fees: One $25 NSF fee; Court Costs; Reasonable Attorney’s Fees not to exceed loan amount
Criminal Action: Prohibited – Unless the consumer’s account was closed before the agreed upon negotiation date

Regulator: Colorado Office of the Attorney General
Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203
Phone: (303) 866-4494
Fax: (303) 866-5691

Adams County Agate Aguilar Alamosa Alamosa County Allenspark Alma Almont Amherst Anton Antonito Arapahoe Arapahoe County Arboles Archuleta County Arriba Arvada Aspen Atwood Ault Aurora Austin Avon Avondale Baca County Bailey Basalt Battlement Mesa Bayfield Beaver Creek Bedrock Bellvue Bennett Bent County Berthoud Bethune Beulah Black Forest Black Hawk Blanca Boncarbo Bond Boone Boulder Boulder County Boyero Branson Breckenridge Briggsdale Brighton Broomfield Brush Buena Vista Buffalo Creek Burlington Burns Byers Cahone Calhan Campo Canon City Capulin Carbondale Carr Cascade Castle Rock Cedaredge Center Central City Chaffee County Chama Cheraw Cheyenne County Cheyenne Wells Chimney Rock Chipita Park Chromo Cimarron Cimarron Hills Clark Clear Creek County Clifton Climax CO Coal Creek Coaldale Collbran Colorado City Colorado Springs Commerce City Como Conejos Conejos County Conifer Cope Copper Mountain Cortez Cory Costilla County Cotopaxi Cowdrey Craig Crawford Creede Crested Butte Crestone Cripple Creek Crook Crowley Crowley County Cuchara Custer County Dacono De Beque Deer Trail Del Norte Delta Delta County Denver Denver County Dillon Dinosaur Divide Dolores Dolores County Douglas County Dove Creek Downieville Drake Dumont Dupont Durango Eads Eagle Eagle County Eastlake Eaton Eckert Eckley Edgewater Edwards Egnar El Jebel El Paso County Elbert Elbert County Eldorado Springs Elizabeth Empire Englewood Erie Estes Park Evans Evergreen Fairplay Falcon Federal Heights Firestone Flagler Fleming Florissant Fort Carson Fort Collins Fort Garland Fort Lupton Fort Lyon Fort Morgan

Fountain Fowler Foxfield Franktown Fraser Frederick Fremont County Frisco Fruita Fruitvale Galeton Garcia Gardner Garfield County Gateway Genoa Georgetown Gilcrest Gill Gilpin County Glade Park Glen Haven Glendale Glenwood Springs Golden Granada Granby Grand County Grand Junction Grand Lake Granite Grant Greeley Green Mountain Falls Greenwood Village Grover Guffey Gulnare Gunnison Gunnison County Gypsum Hamilton Hartman Hartsel Hasty Haswell Haxtun Hayden Henderson Hereford Hesperus Highlands Ranch Hillrose Hillside Hinsdale County Hoehne Holly Holyoke Homelake Hooper Hot Sulphur Springs Hotchkiss Howard Hudson Huerfano County Hugo Hygiene Idaho Springs Idalia Idledale Ignacio Iliff Indian Hills Jackson County Jamestown Jaroso Jefferson Jefferson County Joes Johnson Village Johnstown Julesburg Karval Keenesburg Kersey Keystone Kim Kiowa Kiowa County Kirk Kit Carson Kit Carson County Kittredge Kremmling La Jara La Junta La Plata County La Salle La Veta Lafayette Lake City Lake County Lake George Lakewood Lamar Laporte Larimer County Larkspur Las Animas Las Animas County Lazear Leadville Lewis Limon Lincoln County Lindon Littleton Livermore Logan County Loma Lone Tree Longmont Louisville Louviers Loveland Lucerne Lyons Mack Maher Manassa Mancos Manitou Springs Manzanola Marble Marvel Masonville Matheson Maybell Mc Clave Mc Coy Mead Meeker Meredith Merino Mesa County Mesa [Mesa County] Mesa [Pueblo County] Milliken Mineral County Minturn Model Moffat Moffat County Molina Monarch Monte Vista Montezuma County Montrose Montrose County Monument Morgan County Morrison Mosca Mountain Village Nathrop Naturita Nederland

New Castle New Raymer Niwot Northglenn Norwood Nucla Nunn Oak Creek Ohio City Olathe Olney Springs Ophir Orchard Orchard City Ordway Otero County Otis Ouray Ouray County Ovid Padroni Pagosa Springs Palisade Palmer Lake Paoli Paonia Parachute Paradox Park County Parker Parlin Parshall Peetz Penrose Peyton Phillips County Phippsburg Pierce Pine Pinecliffe Pitkin Pitkin County Placerville Platteville Pleasant View Poncha Springs Powderhorn Pritchett Prowers County Pueblo Pueblo County Pueblo West Purgatory Ramah Rand Rangely Red Cliff Red Feather Lakes Red Wing Redstone Redvale Rico Ridgway Rifle Rio Blanco County Rio Grande County Rockvale Rocky Ford Rocky Mountains Roggen Rollinsville Romeo Routt County Rush Rye Saguache Saguache County Salida San Juan County San Luis San Miguel County San Pablo Sanford Sargents Sedalia Sedgwick Sedgwick County Segundo Seibert Severance Shawnee Sheridan Sheridan Lake Silt Silver Plume Silverthorne Silverton Simla Slater Slick Rock Snowmass Snowmass Village Snyder Somerset South Fork Springfield Starkville Steamboat Springs Sterling Stoneham Stonington Strasburg Stratton Sugar City Summit County Superior Swink Tabernash Teller County Telluride Texas Creek Thornton Timnath Toponas Towaoc Trinchera Trinidad Twin Lakes Two Buttes Vail Vernon Victor Vilas Villa Grove Virginia Dale Vona Walden Walsenburg Walsh Ward Washington County Watkins Weld County Weldona Wellington Westcliffe Westminster Weston Wetmore Wheat Ridge Whitewater Widefield Wiggins Wild Horse Wiley Windsor Winter Park Wolcott Woodland Park Woodrow Woody Creek Wray Yampa Yellow Jacket Yoder Yuma Yuma County

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