Colorado Collection Laws

Interest rate

Sued in Colorado? Your legal Interest and your judgment interest:

INTEREST RATE

• Legal: 8%
• Judgment: 8% (or higher if specified in contract or note)

Colorado  Statute of limitations in years

Sued for a Charge Off in Colorado or an Open Account?

• Open Acct.: 3
• Written Contract: 6 (signed promissory note)
• Written Contract Goods Services: 3
• Domestic Judgment
  • District Court-20 (renewable every 20)
  • County Court-6 (renewable every 6)
• Foreign Judgment: 6 in CO.

Bad check laws (civil penalty)

• Treble Damages & Reasonable Fees

General Garnishment exemptions

Is your check about to get garnished in Colorado?

• See federal law.

Collection agency bond & license

Collection Agencies in Colorado need to be licensed. Know Your Rights.

• Bond: $12,000 - 20,000
• License: Yes
• Fee: Determined by collection agency board
• Exemption for out-of-state collectors: Out of state collectors are exempt if [1] collecting only by interstate means (phone, fax, mail); [2] have no Colorado client; and [3] are regulated and licensed in the state in which they reside.

Have you been sued in Colorado? Use the above information to help you.

Received a Summons in Colorado? Get help today!

This site has taken this information from the website listed in this state. We will not be held liable for any errors or for not updating. Updates are done every 3 months.