Payday Loans in Colorado
Colorado permits a reformed deferred-deposit loan up to $500. The loan must run at least six months, finance charges are capped at 36% APR, prepayment is allowed without penalty, and the loan may be renewed no more than once.
Colorado legal category: Deferred Deposit Loan · Colorado Uniform Consumer Credit Code, Deferred Deposit Loan Act, C.R.S. Article 3.1 of Title 5
Colorado payday loans at a glance
- Legal status
- Permitted Regulated
- Legal category
- Deferred Deposit Loan
- Maximum amount in this regime
- $500
- Term
- Colorado requires a minimum loan term of six months for a deferred deposit loan. The statute does not set one universal maximum term.
- Regulator
- Colorado Attorney General — Consumer Credit Unit
- Verified
- 2026-09-06
Choose a loan type by amount
PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.
Payday Loans in Colorado
Preferred routing for Colorado deferred-deposit loans. State law caps principal at $500 and requires a minimum six-month term.
Installment Loans in Colorado
Preferred routing above the $500 deferred-deposit ceiling. Colorado supervised-loan law is broader than the site’s $5,000 selector maximum.
Amount and term limits
Colorado deferred deposit loans may not exceed $500 in principal, excluding the finance charge permitted by law.
Colorado requires a minimum loan term of six months for a deferred deposit loan. The statute does not set one universal maximum term.
Interest, fees and repayment
Colorado transformed the classic short single-payment payday product into a longer, capped deferred-deposit loan. The finance-charge ceiling is 36% APR rather than the old high-fee payday schedule.
Finance charges on a Colorado deferred deposit loan may not exceed a 36% annual percentage rate, with charges included in the APR under the statutory framework.
The product must run at least six months. The borrower may prepay, and the law provides for a prorated refund of unearned finance charges when applicable.
Rollovers, refinancing and early payment
- Rollover allowed?
- Yes
A deferred deposit loan may be renewed no more than once. After renewal, the consumer must pay the debt; the lender may also refinance the transaction as a supervised loan subject to the UCCC. - Prepayment penalty allowed?
- No
Colorado law requires the lender to accept prepayment without penalty and provides for refund of the unearned portion of the finance charge under the statute.
Colorado borrower protections
- Deferred deposit principal is capped at $500.
- The minimum term is six months.
- Finance charges are capped at 36% APR under the current statutory framework.
- The borrower has a right to rescind by 5 p.m. on the next business day after the transaction.
- Prepayment is accepted without penalty, with statutory treatment of unearned finance charges.
- A deferred deposit loan may be renewed no more than once.
- The Colorado Attorney General Consumer Credit Unit licenses and regulates nonbank supervised lenders.
Colorado loan cost calculator
How to verify a lender in Colorado
Regulator: Colorado Attorney General — Consumer Credit Unit.
Colorado supervised lender / applicable UCCC authority for deferred deposit lending
Official sources
- Colorado Attorney General — Uniform Consumer Credit Code · primary
- Colorado Revised Statutes Title 5 — Deferred Deposit Loan Act · primary
- Colorado Attorney General — UCCC Consumers / License Holder Reports · primary
Last regulatory verification: 2026-09-06. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.