C.R.S. Section 11-102-507
Informal enforcement authority

The banking board, or the commissioner if so authorized by the banking board, shall have authority to initiate informal actions to enforce the provisions of this code. In this regard the banking board or the commissioner may, in the banking board’s or the commissioner’s discretion, enter into written agreements such as a memorandum of understanding with, or an informal commitment letter from, or strongly worded letter of reprimand to any bank or any executive officer, director, employee, agent, or other person participating in the conduct of the affairs of a bank.

Source: Section 11-102-507 — Informal enforcement authority, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-11.­pdf (accessed Oct. 20, 2023).

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

§ 11-102-507’s source at colorado​.gov