Current law requires retail establishments to accept United States
currency. One of the exceptions to the requirement is for security deposits. A violation of the requirement by a retail establishment is a civil infraction punishable by a fine of $250.
The bill exempts retail establishments in which the primary
method of selling goods or services is through an automatic renewal
contract and defines retail establishment and security deposit. A violation by a retail establishment is made a deceptive trade practice, which means that the attorney general and each district attorney has enforcement authority under the Colorado Consumer Protection Act.
