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.

This legal document governs the confidentiality of information acquired by the banking board, the commissioner, and their designees in the discharge of their duties. It applies to the banking board, the commissioner, their designees, the executive director of the department of regulatory agencies, the division of financial services, and banking or financial institution regulatory agencies of other states or United States territories. The document prohibits the divulgence of acquired information, except as necessary or authorized by law.

State banks that are subject to reserve provisions of the ‘Federal Reserve Act’ shall maintain such reserves against deposits as may be required by the ‘Federal Reserve Act’, but, in addition thereto, the banking board may by rule impose reserve requirements that it deems prudent and sound on said banks or on state banks not subject to reserve provisions of the ‘Federal Reserve Act’. Source: L. 2003: Entire article added with relocations, p.

According to the Colorado Banking Code, it is a criminal offense for a state bank to receive any deposit while insolvent. This applies to state banks, as well as their officers, directors, and employees. If any of these individuals know or should know of the bank’s insolvency and still receive or authorize the receipt of a deposit, it is considered a violation. Additionally, if the bank or any person knowingly conceals or misstates material facts regarding the bank’s insolvency from the banking board, commissioner, or division of banking, it is also a violation.

Each licensee shall comply with state and federal money laundering laws, including, but not limited to, the federal ‘Bank Secrecy Act’, 12 U.S.C. sec. 1951 et seq. Source: L. 2017: Entire article added with relocations, (SB 17-226), ch. 159, p. 584, 2, effective August 9. Editor’s note: This section is similar to former 12-52-110.5 as it existed prior to 2017.

This legal document pertains to the creation of a notice form containing information about money laundering laws in the state of Colorado. The banking board is responsible for promulgating rules to create this form. Agents of businesses licensed for money transmission services are required to ensure that each employee who performs money transmission services either understands and signs the form affirming knowledge of the money laundering laws or receives training that covers the money laundering laws within thirty days before performing the services.

This legal document, part of the Colorado Revised Statutes, specifically addresses fraudulent conduct in relation to commodity contracts or commodity options. It prohibits any person, directly or indirectly involved in the purchase or sale of such contracts or options, from engaging in fraudulent activities. These activities include cheating or defrauding others, making false reports or statements, engaging in fraudulent transactions or practices, and misappropriating or converting the funds or property of others.

This legal document pertains to disciplinary actions and regulator powers in relation to various professions and occupations. It outlines the authority of regulators to issue letters of admonition, place individuals on probation, impose administrative fines, and deny, refuse to renew, revoke, or suspend licenses, certifications, or registrations. However, there are exemptions for certain professions and occupations where specific disciplinary actions, fines, or license refusals/renewals cannot be imposed. The document also specifies a waiting period for individuals whose licenses have been revoked or surrendered.

This legal document, found in the Colorado Revised Statutes under the Criminal Code section on gambling, governs the possession of gambling devices or records. It applies to any person who owns, manufactures, sells, transports, possesses, or engages in any transaction involving a gambling device or gambling record. However, there are exemptions for the sale, transportation, manufacture, and remanufacture of gambling devices for transportation in interstate or foreign commerce, as long as it is not prohibited by any applicable foreign, state, or federal law.

This legal document pertains to violations of taxation provisions related to limited gaming in Colorado. It applies to any person who is subject to the tax imposed by article 30 of title 44. The document outlines various violations and their corresponding penalties. Making any false or fraudulent return to evade the tax is a class 5 felony. Failing to pay the tax within thirty days or failing to file a required return within thirty days are both class 2 misdemeanors.