HB 24-1274

HB 24-1274 is a Colorado law that implements the "Uniform Consumer Debt Default Judgments Act." This act ensures that when someone sues for unpaid consumer debt, they must include specific information in their complaint. This includes notifying the debtor about their rights and obligations. The bill affects anyone who might be sued for not paying consumer debts like credit cards or loans. Since it has been signed into law, this means that creditors now have to follow these new rules when pursuing legal action against consumers for unpaid debt.

Official Summary

Colorado Commission on Uniform State Laws. The bill enacts the "Uniform Consumer Debt Default Judgments Act" (act), drafted by the uniform law commission. The act requires that for a default judgment to be entered on a claim for a consumer debt, certain information must be contained in the complaint or amended complaint, including language notifying the debtor of the debtor's rights and obligations.(Note: This summary applies to this bill as introduced.)