State Law Guide - Updated January 2026
Colorado F&I Product Cancellation Rights
Under Colorado Unfair Practices Act + HB23-1181, Colorado gives you the right to cancel and receive refunds on F&I products. You have a Varies by contract days free look period for full refunds. Dealers who fail to comply face UDAP penalties plus actual damages.
Quick Answer
In Colorado, you can cancel dealer add-on products at any time. During the first Varies by contract days, you receive a full refund (minus up to Varies fee). Refunds must be issued within 60 days. You can sue in Small Claims Court for up to $7,500.
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Key Colorado Provisions
| Provision | Requirement | Your Right |
|---|---|---|
| Disclosure Requirement | Mandatory (HB23-1181) | Dealer must explain your refund rights at purchase |
| Free Look Period | Per contract | Check contract for specific period |
| Refund Deadline | 60 days typical | Refund within 60 days of cancellation request |
| UDAP Protection | Active | Can sue under Unfair Practices Act for violations |
| Pro-Rata Refund | Required | Entitled to unused portion after free look |
Disclosure Requirement
Mandatory (HB23-1181)Free Look Period
Per contractRefund Deadline
60 days typicalUDAP Protection
ActivePro-Rata Refund
RequiredWhat Colorado Law Requires
Your Cancellation Rights
Under Colorado Unfair Practices Act + HB23-1181, Colorado consumers have the right to cancel F&I products purchased from dealers. During the free look period (Varies by contract days), you receive a full refund.After this period, you're still entitled to a pro-rata refund based on unused time or mileage.
Refund Timeline
Once you submit a cancellation request, the dealer or administrator has 60 days to process your refund. Failure to comply may result in UDAP penalties plus actual damages.
Special Colorado Provision
Dealers must disclose refund rights at time of sale
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State-Specific Citations
Maximum refund amounts
$29 - Avg Colorado refund: $1,050 - Potential 36x return
Frequently Asked Questions
What is HB23-1181 in Colorado?
HB23-1181 (effective 2024) requires Colorado dealers to clearly disclose your right to cancel and receive refunds on F&I products at the time of sale. This gives consumers better information to make decisions.
Can I sue under Colorado's UDAP?
Yes. If a dealer engages in unfair or deceptive practices regarding F&I product cancellations, you can sue under Colorado's Unfair Practices Act (UDAP) for actual damages and potentially additional penalties.
How long do I have to cancel in Colorado?
The free look period varies by contract and must be disclosed. After the free look period, you can still cancel and receive a pro-rata refund for the unused portion.
Where do I file a complaint in Colorado?
File complaints with the Colorado Attorney General Consumer Protection Division or the Colorado Auto Industry Division. Both agencies investigate dealer misconduct.
Colorado Regulatory Contacts
If you need to file a complaint or seek assistance, contact these official agencies:
Contact information is provided for reference. Verify current details on official agency websites.
Compare Other States
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Based on Colorado Unfair Practices Act + HB23-1181