4 Colo. Code Regs. § 902-1-12

Current through Register Vol. 47, No. 22, November 25, 2024

Rule 4 CCR 902-1-12 - Prompt Crediting of Payments

(a) A creditor shall credit an accepted payment to the consumer's account as of the date of receipt except when a delay in crediting does not result in imposition of a finance charge, delinquency fee, or other charge or in the payment being reported as a slow or late payment. Deferred deposit loans, if paid by deposit of the consumer's check in the creditor's account, shall be credited as of the date of deposit.

(b) This rule does not prohibit subsequent adjustments to a consumer's account to reflect dishonored checks, drafts, or other payment instruments.

4 CCR 902-1-12

Repealed effective November 1, 2000

Rule 10 eff. 08/01/2007.

Rule 16 eff. 08/01/2007.

Rule 14 eff. 01/01/2008.

Rule16 eff. 01/01/2008.

Rules 14 eff. 10/01/2008.

Rule 13 eff. 07/30/2009.

Rule 2 eff. 07/30/2009

Rule 3 eff. 07/30/2009.

Rule 4 eff. 07/30/2009.

Rule 6 eff. 07/30/2009.

Rule 8 eff. 07/30/2009.

Rule 9 eff. 07/30/2009.

Rule10 eff. 07/30/2009.

Rule14 repealed eff. 07/30/2009.

Rule 16 (1st un - numbered paragraph); eff.11/29/2010.

Rule 17 eff. 11/29/2010.