Colo. Rev. Stat. » Title 5
Colorado Revised Statutes

Colo. Rev. Stat. § 5-3-203 (2026)

Debt secured by cross-collateral

✓ current as of July 2026
Find cases: SyfertCases citing this section CO-LEGleg.colorado.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar

(1) If debts arising from two or more consumer credit sales, other than sales pursuant to a revolving credit account, are secured by cross-collateral or consolidated into one debt payable on a single schedule of payments and the debt is secured by security interests taken with respect to one or more of the sales, payments received by the seller after the taking of the cross-collateral or the consolidation are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of the debts arising from the sales first made. To the extent debts are paid according to this section, security interests in items of property terminate as the debts originally incurred with respect to each item are paid.

(2) Payments received by the seller upon a revolving credit account are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of finance charges in the order of their entry to the account and then to the payment of debts in the order in which the entries to the account showing the debts were made.

(3) If the debts consolidated arose from two or more sales made on the same day, payments received by the seller are deemed, for the purpose of determining the amount of the debt secured by the various security interests, to have been applied first to the payment of the smallest debt.

Source: L. 2000: Entire article R&RE, p. 1219, § 1, effective July 1.

Editor's note: This section is similar to former § 5-2-409, as it existed prior to 2000.

Notes of Decisions
Cited in 6 cases, 1990–1996 · leading case: Copeland v. MBNA Am. Bank, N.A., 907 P.2d 87 (Colo. 1995).
Sort: Relevance Newest Treatment
Copeland v. MBNA Am. Bank, N.A., 907 P.2d 87 (Colo. 1995). · cites it 12× “Specifically, Copeland alleges that MBNA violated section 5-3-203 of the Colorado Uniform Consumer Credit Code (UCCC), § 5-3-203, 2 C.”
Dikeou v. Dikeou, 928 P.2d 1286 (Colo. 1996). · cites it 10× “The term does not include charges as a result of default, additional charges (section 5-3-202), delinquency charges (section 5-3-203), or deferral charges (section 5-3-204).”
First Nat'l Bank of Lakewood v. Union Tavern Corp., 794 P.2d 261 (Colo. Ct. App. 1990). · cites it 5× “Section 5-3-203, C.R.S. (1989 Cum.Supp.) describes the maximum delinquency charges allowed for loans subject to the U.”
Stoorman v. Greenwood Trust Co., 908 P.2d 133 (Colo. 1995). · cites it 6× “section 1831d(a) (1988), preempted section 5-3-203(5)(a) of the Colorado Uniform Consumer Credit Code (UCCC), section 5-3-203(5)(a), 2 C.”
Richardson v. Citibank (South Dakota), N.A., 908 P.2d 532 (Colo. 1995). · cites it 6× “section 85 (1982), preempts section 5-3-203(5)(a) of the Colorado Uniform Consumer Credit Code (UCCC), section 5-3-203(5)(a), 2 C.”
Stoorman v. Greenwood Trust Co., 888 P.2d 289 (Colo. Ct. App. 1995). “In an amended class action complaint, plaintiff alleges that the late charges, which defendant imposed pursuant to its credit card contract with plaintiff, violate the Colorado Consumer Credit Code, §§ 5-3-203 and *291 5-5-202, C.R.S. (1992 Repl.”
Colo. Rev. Stat. § 5-3-203(5)(a): 2 cases
Stoorman v. Greenwood Trust Co., 908 P.2d 133 (Colo. 1995). “section 1831d(a) (1988), preempted section 5-3-203(5)(a) of the Colorado Uniform Consumer Credit Code (UCCC), section 5-3-203(5)(a), 2 C.”
Richardson v. Citibank (South Dakota), N.A., 908 P.2d 532 (Colo. 1995). “section 85 (1982), preempts section 5-3-203(5)(a) of the Colorado Uniform Consumer Credit Code (UCCC), section 5-3-203(5)(a), 2 C.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.