Get the free COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM - coloradoatto...

This memorandum provides information for sales finance companies regarding the annual notification fee required by the Uniform Consumer Credit Code (UCCC) in Colorado, including deadlines, payment

How to fill out colorado uniform consumer credit

How to fill out COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM

1. Obtain the COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM from a reliable source or the Colorado Secretary of State's website.
2. Fill in the date at the top of the form.
3. Enter the name and address of the creditor or lender in the designated sections.
4. Provide the borrower's name and address accurately.
5. Include all necessary loan details such as loan amount, interest rate, and term.
6. Complete any additional sections related to required disclosures or specific conditions.
7. Review the filled form for accuracy and completeness.
8. Sign and date the form where indicated.
9. Distribute copies of the form as required by law, ensuring that the borrower receives their copy.

Who needs COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

1. Lenders or creditors providing consumer credit in Colorado must use the COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM.
2. Consumers engaging in financing transactions for goods or services in Colorado need this form for their records.
3. Any business involved in sales financing must be familiar with this form to comply with Colorado state laws.

People Also Ask about

How to become a lender in Colorado?

In order to become a licensed Mortgage Loan Originator in the state of Colorado you'll need to complete the following steps: Apply for your NMLS account and ID number. Complete your NMLS Pre-License Education. Pass the NMLS Mortgage licensing exam. Apply for your CO MLO license.

Do private money lenders need to be licensed?

As a private lender, it is important to be aware of the licensing requirements in the states in which you operate. For non-owner-occupied BPL, these states require a license to lend: California, Arizona, Nevada, Utah, Idaho, Oregon, Minnesota, South Dakota, North Dakota, and Vermont.

What is the Uniform consumer credit Code?

The Uniform Consumer Credit Code (UCCC) is a draft law, adopted by 11 states, that governs consumer credit transactions. It establishes rules related to the issuance and use of all types of credit products from credit cards to mortgages.

Which states require a license for commercial lending?

1:43 3:46 These states include Alaska Arkansas Colorado Connecticut DC Delaware Florida Georgia Hawaii IowaMoreThese states include Alaska Arkansas Colorado Connecticut DC Delaware Florida Georgia Hawaii Iowa Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Missouri Mississippi Montana North

Do I need a business license if I have an LLC in Colorado?

But good news: Colorado doesn't require a general license to do business in the state. Meaning, your Colorado LLC doesn't need a general state business license. But depending on what type of business you run, your LLC might need an occupational license or a municipal (local) license.

What is a supervised loan in Colorado?

A supervised loan is a consumer loan in which the rate of the finance charge exceeds 12% per year. If your company makes, services, or takes assignment of supervised loans, you will need to apply and obtain a Supervised Lender's License. The application and supporting materials are available here.

What is the Uniform consumer credit Code in Colorado?

The Colorado Uniform Consumer Credit Code (“UCCC”) is a state law that regulates the terms and conditions of consumer credit in the state of Colorado. This includes nonbank lenders, such as supervised lenders, retail sellers, finance companies, installment lenders, second mortgage companies, and rent-to-own companies.

Do I need a license to lend money in Colorado?

Pursuant to Uniform Consumer Credit Code ("UCCC”), those engaging in the business of supervised loans are required to obtain a Colorado Supervised Lender license.

For pdfFiller’s FAQs

What is COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

The COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM is a document used to disclose important information regarding consumer credit transactions, specifically related to sales finance, to ensure compliance with state regulations.

Who is required to file COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

Entities or individuals engaging in sales finance transactions, such as lenders and dealers involved in financing consumer goods, are typically required to file the COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM.

How to fill out COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

To fill out the form, provide all requested information accurately, including details of the transaction, identifying information of the parties involved, and any applicable fees or charges, then review for completeness before submission.

What is the purpose of COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

The purpose of the form is to ensure transparency in consumer financing arrangements and to protect consumers by requiring credit providers to disclose key information related to the terms of the financing.

What information must be reported on COLORADO UNIFORM CONSUMER CREDIT CODE SALES FINANCE NOTIFICATION FORM?

The form must report information such as the identity of the seller and buyer, the financing terms, any service charges, the total amount financed, and the payment schedule, among other relevant details.