Colorado
For Colorado, how the statute states the right is all defaults consisting of a failure to make the required payment may be cured by tendering to the creditor the amount of all unpaid sums due at the time of the tender, without acceleration, plus any unpaid delinquency or deferral charges; section is 5-5-111, verified against its source on 2026-10-15.
- State
- Colorado our reading
- What the borrower can do to get the vehicle back
- A pre-repossession right to cure by paying only the arrears. Except as provided in subsection (2), after a default consisting only of the consumer's failure to make a required payment the creditor may neither accelerate maturity of the unpaid balance of the obligation nor take possession of or otherwise enforce a security interest in the collateral until twenty days after giving the consumer a notice of right to cure described in section 5-5-110; until that minimum applicable period expires, all defaults consisting of a failure to make the required payment may be cured by tendering to the creditor the amount of all unpaid sums due at the time of the tender, without acceleration, plus any unpaid delinquency or deferral charges, and cure restores the consumer to his or her rights under the agreement as though the defaults had not occurred. Subsection (2) limits it: once a creditor has given that notice, the section gives no right to cure and imposes no limitation on the creditor for any subsequent default occurring within twelve months on the same obligation, or, where the obligation is secured by a mobile home, any third default within twelve months. our reading
- How the statute states the right
- all defaults consisting of a failure to make the required payment may be cured by tendering to the creditor the amount of all unpaid sums due at the time of the tender, without acceleration, plus any unpaid delinquency or deferral charges verified
- Section
- 5-5-111 verified
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
What the source says
5-5-111. Cure of default. (1) With respect to a consumer credit transaction, except as provided in subsection (2) of this section, after a default consisting only of the consumer's failure to make a required payment, a creditor, because of that default, may neither accelerate maturity of the unpaid balance of the obligation nor take possession of or otherwise enforce a security interest in the goods or the mobile home that are collateral until twenty days after giving the consumer a notice of right to cure described in section 5-5-110. Until the expiration of the minimum applicable period after the notice is given, all defaults consisting of a failure to make the required payment may be cured by tendering to the creditor the amount of all unpaid sums due at the time of the tender, without acceleration, plus any unpaid delinquency or deferral charges. Cure restores the consumer to his or her rights under the agreement as though the defaults had not occurred. (2) With respect to defaults on the same obligation, other than defaults on an obligation secured by a mobile home, after a creditor has once given the consumer a notice of right to cure described in section 5-5-110, this section gives no right to cure and imposes no limitation on the creditor's right to proceed against the consumer or goods that are collateral with respect to any subsequent default that occurs within twelve months of such notice. With respect to defaults on the same obligation that is secured by a mobile home, this section gives no right to cure and imposes no limitation on the creditor's right to proceed against the consumer or goods that are collateral with respect to any third default that occurs within twelve months of such notice. For the purpose of this section, in connection with revolving credit accounts, the obligation is the consumer's account, and there is no right to cure and no limitation on the creditor's rights with respect to any default that occurs within twelve months after an earlier default as to which a creditor has given the consumer notice of right to cure.
— leg.colorado.gov, retrieved 2026-10-12
Source
- leg.colorado.govhttps://leg.colorado.gov/sites/default/files/images/olls/crs2024-title-05.pdf