C.R.S. Section 11-102-305
Records

(1)

Intentionally left blank —Ed.

(a)

Information from the records of the division shall be revealed only to members of the banking board, except as follows:

(I)

Information may be disclosed if such disclosure is rendered necessary by law.

(II)

Any party entitled to appear in a hearing on an application for bank charter shall have access to the applicant’s proposed articles or amended articles of incorporation, application for charter, and proposed bylaws.

(III)

Subject to subsection (1.5) of this section, the commissioner may exchange information as to the condition of banks or trust companies with the United States comptroller of the currency, bank or financial institution regulatory departments of other states, the federal reserve system and its examiners, the federal deposit insurance corporation and its examiners, and the consumer financial protection bureau and its examiners.

(IV)

Subject to subsection (1.5) of this section, the commissioner may exchange information obtained from money transmitters with the United States secretary of the treasury, the secretary’s designees, the United States attorney general, the attorney general’s designee, or other state or United States territorial regulatory agencies pertaining to the condition of money transmitters or compliance with federal money laundering and other financial crimes laws, including, but not limited to, the “Bank Secrecy Act”, the “Right to Financial Privacy Act of 1978”, the “Money Laundering Control Act of 1986”, and the “Annunzio-Wylie Anti-Money Laundering Act”.

(V)

The commissioner may exchange information as provided by part 2 of article 110 of this title 11.

(b)

Notwithstanding any other provision of articles 101 to 109 of this title to the contrary, the commissioner, the commissioner’s deputies, and the members of the banking board may disclose any information in the records of the division or acquired by them in the discharge of their duties that is publicly available from the federal deposit insurance corporation, the United States comptroller of the currency, the federal reserve system, or the consumer financial protection bureau or the disclosure of which has been specifically authorized by the board of directors of the financial institution to which such information relates.

(1.5)

The commissioner shall not exchange information with any other governmental agency unless the commissioner is reasonably satisfied that the agency is obligated by law or contract to:

(a)

Share with the division similar information it may have in its possession; and

(b)

Maintain the confidentiality of any exchanged information under conditions that are no less restrictive than those imposed by law upon the division.

(2)

Reports of examinations made by the division shall be retained by the division for seven years.

(3)

Upon request and upon payment of such reasonable charges as the commissioner shall prescribe, the commissioner shall furnish to any person a certified copy of any document on file with the division that is a public record. Such certified copy shall be admissible in evidence in lieu of the original and shall constitute prima facie evidence of the contents of the original.

(4)

The division or the commissioner may inform a licensing agency within the department of regulatory agencies of possible misconduct by a person or entity licensed by said agency, notwithstanding that the division or commissioner learned of the alleged misconduct while discharging their duties under the code. The division and the commissioner may give the licensing agency records or information in their possession relating to the licensee’s alleged misconduct.

Source: Section 11-102-305 — Records, (accessed Dec. 24, 2024).

11‑102‑101
Division of banking - creation - subject to termination - repeal of article 11‑102‑102
Powers of commissioner 11‑102‑103
Banking board - repeal 11‑102‑104
Powers and duties of banking board - fees - rules 11‑102‑105
Roles and authority of banking board and commissioner - rules - exercise of powers 11‑102‑106
Nontraditional mortgages - consumer protections - rules - incorporation of federal interagency guidance 11‑102‑201
Hearing officers - powers - procedure - order final 11‑102‑202
Subpoenas - witnesses - production of records 11‑102‑203
Effect of good faith reliance on orders or rules of banking board 11‑102‑203.5
Independent administrative review of material supervisory determinations - rules 11‑102‑204
Court review 11‑102‑301
Examinations and examiner’s reports 11‑102‑302
Bank reports to banking board - generally 11‑102‑303
Bank reports to banking board - requirements for acquiring control 11‑102‑304
Commissioner’s annual report - publications 11‑102‑305
Records 11‑102‑306
Information confidential 11‑102‑307
Access to records 11‑102‑308
Bank records - preservation - reproduction 11‑102‑401
Assessments 11‑102‑403
Division of banking cash fund - creation 11‑102‑501
Banking interests of officers and employees - violation 11‑102‑502
Exemption from liability - when 11‑102‑503
Assessment of civil money penalties by banking board 11‑102‑504
No indemnification or insurance against civil money penalties 11‑102‑505
Removal of director, officer, or other person 11‑102‑506
Suspension of director, officer, or other person 11‑102‑507
Informal enforcement authority 11‑102‑508
Statements derogatory to state banks - penalty
Green check means up to date. Up to date

Current through Fall 2024

§ 11-102-305’s source at