CO HB1109

Consumers are not liable for debt from unsolicited checks unless they accept and use the check, with failure to destroy or return a check not constituting acceptance.

Credit card issuers sending unsolicited checks must conspicuously disclose the annual percentage rate, finance charge calculations, and whether finance charges are triggered immediately upon use.

Credit card issuers must enclose unsolicited checks in envelopes that conceal the check and do not display terms like "pre-approved," "instant cash," or similar language indicating a negotiable instrument is enclosed.

Any consumer agreement that waives, limits, or disclaims rights under this section is declared void as contrary to public policy.

Violations of these requirements constitute deceptive trade practices enforceable through private lawsuits for treble damages or by the attorney general.