1 UNIFORM CONSUMER CREDIT CODE RULES Rule 1 Right to - coloradoattorneygeneral 2025

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The Uniform Consumer Credit Code (UCCC) is intended to prevent fraud and abuse in credit transactions. Eleven states have adopted the code, while others have incorporated some of its provisions into their laws.
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. It sets maximum rates and charges, requires disclosure of the cost of credit so consumers may shop for the best rates, and provides remedies for consumers on default.
Some common types of consumer credit are installment credit, non-installment credit, revolving credit, and open credit. Similarities of these types of credit are that they all have some form of a repayment period, interest rates, the possibility of interest charges, and monthly or lump sum payments.
Concerning the creation of additional protections in the Colorado consumer code, and, in connection therewith, enabling enforcement of the Colorado Consumer Protection Act for reckless acts. Specifies the calculation of potential damage awards in a private civil action.
The NCC and NCCP provide a uniform set of consumer credit laws applying to all State and Territories. Additionally, the aim of these laws is to create a protection mechanism for consumers.
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The Uniform Consumer Credit Code (UCCC) establishes legal rules to protect consumers who use credit in the states where it has been enacted. It works in conjunction with a variety of federal laws with the same aim. Uniform Law Commission. Consumer Credit Code.
► You cannot be denied credit based on your race, sex, marital status, religion, age, national origin, or receipt of public assistance. ► You have the right to have reliable public assistance considered in the same manner as other income. ► If you are denied credit, you have a legal right to know why.

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