Colorado law requires retail establishments to accept United States currency. One of the exceptions to the requirement is for security deposits. The act:
- Exempts from the requirement to accept United States currency a retail establishment in which the primary method of selling goods or services is through an automatic renewal contract; and
- Defines "retail establishment" and "security deposit" for purposes of these exceptions.
The attorney general is authorized to bring a civil and criminal action to enforce the provision.
(Note: This summary applies to this bill as enacted.)