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Financial Services Law Insights and Observations

Colorado prohibits late rent payment fees

State Issues Colorado Mortgages

State Issues

On December 31, the Colorado governor issued Executive Order D 2020 307, prohibiting landlords, mobile home park owners, management entities, and agents of all of the foregoing from charging any fee or penalty against a tenant or mobile home owner based on untimely payment of rent. Any late payment fees charged on or after January 31 will apply only to rent due on or after that date.