Colorado § 5-20-114 Administrative enforcement orders

Colorado Statutes

§ 5-20-114 — Administrative enforcement orders

Colorado·Title 05 Consumer·Art. Colorado Student Loan Equity

(1)After notice and hearing, the administrator may order a student loan servicer or a person acting in the student loan servicer's behalf to cease and desist from engaging in violations of this part 1 or any rule lawfully adopted or order lawfully issued pursuant to this part 1. The order issued by the administrator may also require the student loan servicer or person to make refunds to persons of unlawful charges under this part 1 and an administrative penalty of up to one thousand five hundred dollars per violation, all or part of which may be specifically designated for consumer and creditor educational purposes.

(2)A respondent aggrieved by an order of the administrator may obtain judicial review of the order in the Colorado court of appeals. The administrator may obtain a

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(1) After notice and hearing,
the administrator may order a student loan servicer or a person acting in the
student loan servicer's behalf to cease and desist from engaging in violations of
this part 1 or any rule lawfully adopted or order lawfully issued pursuant to this part
1. The order issued by the administrator may also require the student loan servicer
or person to make refunds to persons of unlawful charges under this part 1 and an
administrative penalty of up to one thousand five hundred dollars per violation, all
or part of which may be specifically designated for consumer and creditor
educational purposes.

(2) A respondent aggrieved by an order of the administrator may obtain
judicial review of the order in the Colorado court of appeals. The administrator may
obtain an order of the court for enforcement of the administrator's order in the
district court under section 24-4-106. All proceedings under this section are
governed by sections 24-4-105 and 24-4-106.

Colorado § 5-20-114 (Administrative enforcement orders) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 2019: Entire article added, (SB 19-002), ch. 157, p. 1871, � 2, effective August 2. L. 2021: (1) amended, (SB 21-057), ch. 378, p. 2533, � 12, effective June 29.