C.R.S. Section 10-15-114

  • actions against licensees


The commissioner may impose an administrative fine not to exceed one thousand dollars for each separate offense; may issue a letter of admonition; may place a contract seller on probation under the commissioner’s close supervision on such terms and for such time as the commissioner deems appropriate; and may refuse to renew, may revoke, or may suspend the license of any contract seller if, after an investigation and after notice and a hearing pursuant to the provision of section 24-4-104, C.R.S., the commissioner determines that the contract seller has:


Failed to comply with or has violated any provision of this article or any regulation or order lawfully made pursuant to and within the authority of this article; or


Used false or misleading advertising or made any false or misleading statement or concealment in the contract seller’s application for licensure; or


Employed any device, scheme, or artifice which results in defrauding a contract buyer; or


Disposed of, concealed, diverted, converted, or otherwise failed to account for any funds or assets of any contract buyer which are subject to regulation pursuant to this article; or


Committed any act that constitutes a violation of the “Colorado Consumer Protection Act”, article 1 of title 6, C.R.S.; or


Been convicted of, or any officer, director, or controlling shareholder has been convicted of, a crime involving fraud or misappropriation or misuse of funds; or


Failed to provide appropriate records requested by the commissioner as part of an investigation of a complaint filed with the commissioner.

Source: Section 10-15-114 — Investigations - actions against licensees, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-10.­pdf (accessed Oct. 20, 2023).

Green check means up to date. Up to date

Current through Fall 2024

§ 10-15-114’s source at colorado​.gov