Colorado Supreme Court · US (CO) · 2015 · Decided
Citation/Docket: 361 P.3d 400 (Colo. 2015)
Posture: Funders vs. state regulator (declaratory)
Funder(s) involved: Oasis Legal Finance; LawCash
Funders sought a ruling that pre-settlement advances were not 'loans' under Colorado's consumer credit code.
Held: the transactions are loans subject to the UCCC, despite contingent repayment.
The loan-vs-asset-purchase characterization battle is the core regulatory risk in consumer funding, and states split on it (contrast Ruth v. Cherokee).
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Compiled from public sources (court filings, published opinions, and secondary reporting) as part of the Institute's Phase 1 Dispute Library research. This is educational material, not legal advice; case citations should be independently verified before relied upon.