Consumers Affected
125
The Colorado Attorney General settled with Unlock Partnership Solutions, Inc., which marketed home equity agreements that were determined to be consumer credit transactions subject to Colorado's Uniform Consumer Credit Code and Consumer Equity Protection Act. The company must comply with lending laws, rate caps, disclosures, and licensing, and pay $283,375 in restitution to 125 consumers, with additional payments expected.
Unlock must comply with Colorado lending laws (UCCC and CEPA), including rate limits and disclosures, obtain required licenses, and pay restitution of $283,375 to 125 consumers, with additional payments as more loans close.
In-house legal teams should review vendor agreements with financial service providers offering home equity or alternative financing products. Key clauses to examine include: (1) compliance with state consumer lending laws (e.g., UCCC, CEPA), (2) interest rate caps and fee limitations, (3) disclosure obligations to consumers, (4) licensing requirements, and (5) indemnification for regulatory noncompliance. Additionally, customer-facing contracts should be audited to ensure they properly characterize transactions as credit or equity agreements and include required disclosures. Employee agreements related to sales or marketing of such products should also be reviewed for training and compliance obligations.
Entity
Unlock Partnership Solutions, Inc.
Industry
Financial ServicesOfficial Press Release
https://coag.gov/press-releases/unlock-partnership-solutions-agrees-to-comply-with-state-consumer-lending-laws-in-home-equity-agreements/
26.06.22 Unlock AOD fully executed
https://coag.gov/app/uploads/2026/06/26.06.22-Unlock-AOD-fully-executed.pdf
Colorado Attorney General Enforcement Page
https://coag.gov/
"Unlock Partnership Solutions, Inc."
"Unlock has identified $283,375 in restitution owed to 125 Colorado consumers"
"Colorado’s Uniform Consumer Credit Code"
"Colorado’s Consumer Equity Protection Act (CEPA)"
"the attorney general’s office determined that these agreements are consumer credit transactions under Colorado law and must comply with the Uniform Consumer Credit Code, including Colorado’s Consumer Equity Protection Act (CEPA), rate caps, required disclosures, and licensing obligations"
"Comply with Colorado lending laws under the UCCC, including the CEPA. Comply with UCCC rate limits. Provide disclosures required under the UCCC. Obtain all required Colorado licenses before resuming operations. Make restitution payments directly to consumers, with additional payments required as more loans close over time."
$945K
Minnesota Attorney General Keith Ellison filed a settlement with Unlock Partnership Solutions, Inc. over allegations that its 'home equity agreements' were actually unlawful mortgage loans that violated Minnesota's predatory interest rate caps and disclosure requirements. Unlock agreed to pay $944,626 in monetary and debt relief, cease lending unless licensed, and comply with Minnesota mortgage laws.
$300K
Colorado Attorney General Phil Weiser announced a settlement with Avail Property Management Inc. and PK Management, LLC resolving allegations that the companies denied prospective tenants housing based on criminal history information prohibited under Colorado's Rental Application Fairness Act, including arrests, deferred judgments, and convictions older than five years (some more than 20 years old). The companies, which managed nearly 4,000 rental units across Colorado, relied on a third-party background screening service despite legal prohibitions. Under the settlement, they must change screening practices, review vendor recommendations rather than relying on them automatically, submit to two years of compliance reporting, and pay $300,000.
Attorney General Weiser joined a coalition of attorneys general in suing to block new unlawful conditions on Title X funding imposed by HHS, which would penalize states and providers that refuse to abandon nondiscrimination initiatives or conform to the administration's ideological vision of family planning. The lawsuit argues the conditions conflict with federal law, violate the Administrative Procedure Act, and are unconstitutionally vague.
$1.4M
Colorado Attorney General Phil Weiser announced a settlement with Cobblestone Denver Opco, LLC (Cobblestone Car Wash) over allegations that the company used unfair automatic renewal practices for monthly membership fees. The company failed to provide proper disclosures, notices, terms, and cancellation options, locking over 70,000 consumers into auto-renewal contracts. Cobblestone will pay $1,353,465 in restitution, has already refunded $253,406 to consumers, and must comply with the Colorado Consumer Protection Act, including providing easy-to-access cancellation options and 25-day advance notice of price increases.
Attorney General Phil Weiser joined a coalition of 22 attorneys general and Pennsylvania in filing two lawsuits against the Trump administration for demanding a database of state-owned records containing sensitive personal information of 17 million commercial drivers. The lawsuits allege violations of federal privacy laws and the Administrative Procedure Act, and seek an emergency order to prevent the data from being turned over by the August 17 deadline.
Colorado contractor Rocco Roberts was criminally charged for defrauding a Boulder family during an asbestos remediation project. He allegedly misrepresented his licensing, performed the abatement improperly, exposed the home to asbestos, and provided a fraudulent clearance test. Roberts collected $8,400 for the work and faces felony charges including hazardous substance incident, forgery, and theft.