CO · PROM-NOTE · Updated July 2026 · Free
Colorado Promissory Note
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Colorado at a glance: Usury Limit: 12% per year (consumer loans) · Governing Law: Colo. Rev. Stat. § 5-12-101
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Overview
Promissory Notes in Colorado
Colorado promissory notes are governed by the Colorado Uniform Consumer Credit Code (UCCC). The default legal rate of interest is 8% per year, but consumer loans can charge up to 12% to 45% depending on the lender type.
Key Facts
Colorado Promissory Note — Quick Reference
| Requirement | Colorado Rule |
|---|---|
| Usury Limit | 12% per year (consumer loans) |
| Governing Law | Colo. Rev. Stat. § 5-12-101 |
Legal Requirements
Colorado Legal Requirements
- Interest rates must adhere to the Colorado UCCC limits for consumer credits.
Governing Laws
Colorado Governing Laws
Colo. Rev. Stat. § 5-12-101
Legal Rate of Interest
Defines the legal rate and interest limits for consumer and commercial transactions.
Read the full text of these laws at Cornell Law School's Colorado legal resources or your state legislature's official website.
Questions & Answers
Colorado Promissory Note — Frequently Asked Questions
What is the usury limit in Colorado?
The legal default rate is 8% per year, but UCCC consumer caps permit higher rates depending on license.