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Can you summarize CORS 11-102-305?
RECORDS, REPORTING, AND INFORMATION > Records.
Short Summary
This legal document governs the records, reporting, and information related to banks and trust companies. The records of the division can only be revealed to members of the banking board, except in certain circumstances. Applicants for bank charter have access to specific information related to the application process. The commissioner is allowed to exchange information with various entities, including regulatory departments of other states, federal agencies, and other state or United States territorial regulatory agencies. The commissioner is also required to maintain the confidentiality of exchanged information. Reports of examinations made by the division must be retained for seven years. Upon request, the commissioner can provide certified copies of public records on file with the division. The division or the commissioner may inform licensing agencies within the department of regulatory agencies of possible misconduct by a licensed person or entity. Overall, this document establishes rules and procedures for the handling of records, reporting, and information within the banking sector.
Whom does it apply to?
The division, members of the banking board, applicants for bank charter, 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, the consumer financial protection bureau and its examiners, 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, and licensing agencies within the department of regulatory agencies
What does it govern?
Records, reporting, and information related to banks and trust companies
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Colorado