Consumer & commercial lending in Colorado

Who needs this in Colorado

A company that makes consumer loans to Colorado residents generally needs a supervised lender / consumer-credit license from Colorado Attorney General, Uniform Consumer Credit Code when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute — confirm before you treat a business loan as unlicensed.

Where to file

Colorado’s consumer-credit licenses are administered with the UCCC program, not the Division of Real Estate mortgage desk. File in Colorado because the borrower lives there, not because your office does.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts