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UCCC Compliance





UCCC Retail Sales Notification Filing & Fee

Credit sellers and retail merchants that regularly extend consumer credit as a "creditor" must annually file and pay UCCC notification. [5-6-201, 5-6-202, & 5-6-203, C.R.S.]


A "creditor" is a person or business that sells or leases goods or services to
consumers and either arranges financing from others or provides its own
financing. If your name appears on a retail installment contract or consumer
lease as the creditor, seller, or lessor, even if you immediately sell or assign
the contract to a finance company or bank, you are a creditor. You are
required to file the form and pay the annual fee within 30 days of
becoming a creditor and by January 31 each year thereafter. For more
information: UCCC Retail Sales Business Memorandum and Initial
Notification Form.


If you are required to file notification and fail to do so, consumers have no
legal obligation to pay any of the finance charges due under the credit
transactions. Your completed notification and fee payment are due
January 31st . If payment is not received by March 1st, late payment fees of
$5.00 per calendar day are imposed from February 1st , as authorized by law.
This fee will continue to accrue until your notification is properly filed and all
fees due are received.



    Retail Sales Notification Form


    UCCC Compliance Examination

    The Colorado Department of Law is conducting compliance examinations of dealerships around the state. If your dealership is selected for an audit, you will receive a letter requesting specific transactions for review (up to a four-year period). If an auditor will be completing the examination at your dealership, you must provide (in addition to the documents):
    • Adequate work space (desk or table to accommodate one to two examiners)
    • Adequate lighting
    • Access to an electrical outlet (suitable for laptop computer)
    • Photocopier
    • Access to Computer Records (if records are stored on a computer, examiners will require a computer terminal to access the records).
    If your dealership is selected for a Mail-In Examination, you will be requested to submit the documents listed in the letter. Do not send originals!
    • Copies of the required documents will need to be provided by the date listed in the request.
    In both cases, provide the documents requested. One item that will be reviewed will be any charges passed on to the customer for Filing Fees. These fees should only be the cost paid to the government agency (i.e. County Clerk for lien filing). You cannot inflate these fees or even add other charges, such as the cost for overnight mailing the title and lien documents! Any additional fees charged the customer should be labeled "D&H" (delivery and handling). D&H fees can include items such as delivery, handling, dealer prep charges, paperwork, documentary fees, get ready charges, or other charges involved in inspecting, cleaning or adjusting vehicles. If your dealership charges D&H fees, you must post a sign at your dealership and include the information on the contract (Buyer's Order) showing that these fees are additional profit to the seller/dealer.


    If you are being audited, and you have concerns regarding potential charges or disciplinary actions, we recommend you seek legal counsel through CIADA, or an independent attorney.




    Colorado Automobile/Powersport Support Services LLC



    NOTE: All seminar material is the property of CAPSS LLC and is protected. It cannot be copied or shared without express written permission by CAPSS.
    CAPSS does not dispense legal advice. All material provided is for general information only regarding regulatory issues. Please consult legal counsel for specific compliance issues.