Colorado § 5-19-232 Powers of administrator - rules

Colorado Statutes

§ 5-19-232 — Powers of administrator - rules

Colorado § 5-19-232

Title 05Consumer

Art.Debt-management Services

This text of Colorado § 5-19-232 (Powers of administrator - rules) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 5-19-232 (2026).

Text

(a)The administrator may act on its own initiative or in response to complaints and may receive complaints, take action to obtain voluntary compliance with this part 2, and seek or provide remedies as provided in this part 2.

(b)The administrator may investigate and examine, in this state or elsewhere, by subpoena or otherwise, the activities, books, accounts, and records of a person that provides or offers to provide debt-management services, or a person to which a provider has delegated its obligations under an agreement or this part 2, to determine compliance with this part 2. Information that identifies individuals who have agreements with the provider shall not be disclosed to the public. In connection with the investigation, the administrator may:

(1)Charge the person t

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(a) The administrator may act on
its own initiative or in response to complaints and may receive complaints, take
action to obtain voluntary compliance with this part 2, and seek or provide remedies
as provided in this part 2.

(b) The administrator may investigate and examine, in this state or
elsewhere, by subpoena or otherwise, the activities, books, accounts, and records of
a person that provides or offers to provide debt-management services, or a person
to which a provider has delegated its obligations under an agreement or this part 2,
to determine compliance with this part 2. Information that identifies individuals who
have agreements with the provider shall not be disclosed to the public. In
connection with the investigation, the administrator may:

(1) Charge the person the reasonable expenses necessarily incurred to
conduct the examination;

(2) Require or permit a person to file a statement under oath as to all the
facts and circumstances of a matter to be investigated; and

(3) Seek a court order authorizing seizure from a bank at which the person
maintains a trust account required by section 5-19-222, any or all money, books,
records, accounts, and other property of the provider that is in the control of the
bank and relates to individuals who reside in this state.

(c) The administrator may adopt rules to implement the provisions of this
part 2 in accordance with section 24-4-103.

(d) The administrator may enter into cooperative arrangements with any
other federal or state agency having authority over providers and may exchange
with any of those agencies information about a provider, including information
obtained during an examination of the provider.

(e) The administrator shall administratively establish reasonable fees to be
paid by providers for the expense of administering this part 2. The fees may vary by
the type of debt-management service provided.

Legislative History

Source: L. 2017: Entire article added with relocations, (HB 17-1238), ch. 260, p. 1165, � 4, effective August 9. L. 2024: (e) amended, (HB 24-1251), ch. 226, p. 1401, � 5, effective August 7.