Colorado Disputed Open Account Settlement

State:
Multi-State
Control #:
US-01794
Format:
Word; 
Rich Text
Instant download

Description

Disputed Open Account Settlement: A Disputed Open Account Settlement states that both the Debtor and Creditor have been disputing a certain amount in controversy. However, by signing this contract, both sides agree to compromise their positions in order to reach a mutual understanding and agreement. This form is available in both Word and Rich Text formats.

How to fill out Disputed Open Account Settlement?

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FAQ

The Colorado Wage Act requires employers to pay wages to employees in ance with the compensation agreement between the employer and employee in a timely manner.

The act defines wage theft as theft, which is a felony when the theft is of an amount greater than $2,000. The act adds refusing to pay wages or compensation with the intent to coerce a person who is owed wages as conduct that constitutes wage theft.

To file a formal complaint to start an investigation, please complete the ?Labor Standards Complaint Form? below. You can send a written demand and file a complaint simultaneously. You do not need to wait 14 days after sending a written demand to then file a complaint with our Division.

The Colorado Division of Labor Standards and Statistics has the authority to conduct an inquiry into allegations of violations of Colorado Wage Law.

Pursuant to C.R.S. § 8-4-109(3), if an employee's wages are not paid within 14 days after a written demand is sent to the employer, the employer is liable for the wages owed and an additional penalty of 200% of the wages due, or $1,000.00, whichever is greater.

The Division's investigation process (from filing of a complaint to determination) generally takes months, depending on the complexity of the claim and the other claims being processed. Anything you provide to the Division will be shared with the other party to the claim.

The Colorado Wage Act makes it clear that it is theft under the criminal theft statute for an employer or the employer's agent to willfully refuses to pay wages or compensation, or to falsely deny the amount of a wage claim, or the validity thereof, or that the same is due, with the intent to secure for himself, ...

Anyone wishing to file a complaint with the Division of Workers' Compensation may do so via the Tip and Lead Form(opens in new window) or by email to cdle_wc_complaints@state.co.us. Your complaint will be forwarded to the proper party for review and response.

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Colorado Disputed Open Account Settlement