Colorado Updates State Debt Collection Law

Amended Colorado Fair Debt Collection Practices Act requires update of language in first collection notices sent to consumers.

7/27/2020 1:00 PM

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Colorado Updates State Debt Collection Law

Effective July 1, 2020, an update to the website for the Colorado Attorney General’s informational page about the Colorado Fair Debt Collection Practices Act (CFDCPA) must be included in the first written notice sent to consumers about a debt.

The change was passed as part of Colorado House Bill 20-1402 in June.

The amended CFDCPA states:

SECTION 2. In Colorado Revised Statutes, 5-16-105, amend (3)(c) as follows: 5-16-105. Communication in connection with debt collection - definition. (3) (c) In its initial written communication to a consumer, a collection agency shall include the following statement: "FOR INFORMATION ABOUT THE COLORADO FAIR DEBT COLLECTION PRACTICES ACT, SEE . . . . . . HTTPS ://COAG.GOV/OFFICE-SECTIONS/CONSUMER-PROTECTION/C ONSUMER- CREDIT-UNIT/COLLECTION-AGENCY-REGULATION/." If the website address is changed, the notification shall be corrected to contain the correct address. If the notification is placed on the back of the written communication, there shall be a statement on the front notifying the consumer of such fact.

The website listed is the only updated text in the amendment and agencies must list the website on the front page of their collection letters to consumers, or let them know the information is available on the back page if it does not fit on the front.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org  or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

Colorado Updates State Debt Collection Law

Effective July 1, 2020, an update to the website for the Colorado Attorney General’s informational page about the Colorado Fair Debt Collection Practices Act (CFDCPA) must be included in the first written notice sent to consumers about a debt.

The change was passed as part of Colorado House Bill 20-1402 in June.

The amended CFDCPA states:

SECTION 2. In Colorado Revised Statutes, 5-16-105, amend (3)(c) as follows: 5-16-105. Communication in connection with debt collection - definition. (3) (c) In its initial written communication to a consumer, a collection agency shall include the following statement: "FOR INFORMATION ABOUT THE COLORADO FAIR DEBT COLLECTION PRACTICES ACT, SEE . . . . . . HTTPS ://COAG.GOV/OFFICE-SECTIONS/CONSUMER-PROTECTION/C ONSUMER- CREDIT-UNIT/COLLECTION-AGENCY-REGULATION/." If the website address is changed, the notification shall be corrected to contain the correct address. If the notification is placed on the back of the written communication, there shall be a statement on the front notifying the consumer of such fact.

The website listed is the only updated text in the amendment and agencies must list the website on the front page of their collection letters to consumers, or let them know the information is available on the back page if it does not fit on the front.

For more information on how the ACA Licensing staff can assist with your licensing needs, please contact us at Licensing@acainternational.org  or call (952) 926-6547.


Follow ACA International on Twitter @ACAIntl and @acacollector, Facebook and request to join our LinkedIn group for news and event updates. ACA International members are welcome to submit news items for possible publication to comm@acainternational.org. Visit our publications page for news submission guidelines and subscriptions to ACA Daily, Collector magazine and Pulse.

Advertising is available for companies wishing to promote their products or services. Be sure to visit the ACA Events Calendar on the Education and Training page to view our listing of upcoming CORE Curriculum and Hot Topic seminars featuring critical educational opportunities for your company.


Subscribe to ACA Daily NEWSROOM

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