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Colorado statute

C.R.S. § 18-5-209 — Issuing a false financial statement - obtaining a financial transaction device by false statements.

Current through 2025 Regular Session

Part of Part 2: FRAUD IN OBTAINING PROPERTY OR SERVICES, Colorado Revised Statutes.

Criminal charges under this statute

Full text of C.R.S. § 18-5-209

Statutory text current through the 2025 Regular Session. This is an officially sanctioned publication using the official text of the Colorado Revised Statutes; it is not the official statutes of the State of Colorado.

C.R.S. § 18-5-209Primary source, current through the 2025 Regular Session
(1) A person commits issuing a false financial statement if, with intent to defraud, he: (a) Knowingly makes or utters a written instrument which purports to describe the financial condition or ability to pay of himself or another person and which is false in some material respect and reasonably relied upon; or (b) Represents in writing that a written instrument purporting to describe another person's financial condition or ability to pay as of a prior date is accurate with respect to that person's current financial condition or ability to pay, knowing the instrument to be materially false in that respect and reasonably relied upon. (2) Issuing a false financial statement is a class 2 misdemeanor. (3) A person commits issuing a false financial statement for purposes of obtaining a financial transaction device, as defined in section 18-5-701 (3), if, with intent to defraud, upon filing an application for a financial transaction device with an issuer, he knowingly makes or causes to be made a false statement or report, which is false in some material respect and reasonably relied upon, relative to his name, occupation, financial condition, assets, or liabilities or willfully and substantially overvalues any assets or willfully omits or substantially undervalues any indebtedness for the purpose of influencing the issuer to issue a financial transaction device. (4) Issuing a false financial statement for purposes of obtaining a financial transaction device when such device is used to obtain property or services or money is a class 2 misdemeanor. (5) Issuing two or more false financial statements for purposes of obtaining two or more financial transaction devices when such devices are used to obtain property or services or money is a class 6 felony.

Official sources

Legal terms used in this section

Questions this section answers

Is issuing a false financial statement a felony or a misdemeanor in Colorado?

It depends on the circumstances: issuing a false financial statement ranges from a class 2 misdemeanor to a class 6 felony in Colorado under C.R.S. § 18-5-209.

Issuing a false financial statement: class 2 misdemeanor (C.R.S. § 18-5-209(2)) · Issuing a false financial statement for purposes of obtaining a financial transaction device: class 2 misdemeanor (C.R.S. § 18-5-209(4)) · Issuing multiple false financial statements for purposes of obtaining multiple financial transaction devices: class 6 felony (C.R.S. § 18-5-209(5))

Which Colorado statute covers issuing a false financial statement?

Issuing a false financial statement is governed by C.R.S. § 18-5-209 (Issuing a false financial statement - obtaining a financial transaction device by false statements).

This reference is informational and is not legal advice.