Payday Loan in Colorado. Current State Laws.

State: Colorado
Statutory Citation: 5-3.1-101 et seq.
Maximum Loan Amount: A lender shall not lend an amount greater than $500 nor shall the amount financed exceed $500 at any time to a consumer.
Finance Charges: No instrument held as a result of a deferred deposit loan shall exceed $575. May not exceed 20 percent of the first $300 loaned plus seven and one-half percent of any amount loaned in excess of $300.