Consumer protection - violations based on recklessness - increased penalties for certain violations - calculation of damage awards. The act:
- Adds "recklessly" as a culpable mental state for certain violations of the "Colorado Consumer Protection Act";
- Increases the potential penalty for a violation brought by the attorney general or a district attorney from $2,000 to $20,000 per violation and from $10,000 to $50,000 per violation if committed against an elderly person; and
- Specifies the calculation of potential damage awards in a private civil action.
(Note: This summary applies to this bill as enacted.)