Colorado § 11-110-404 Networked supervision

Colorado Statutes

§ 11-110-404 — Networked supervision

Colorado·Title 11 Financial·Art. Money Transmitters

(1)To efficiently and effectively administer and enforce this article 110 and to minimize regulatory burden, the banking board may participate in multistate supervisory processes established between states and coordinated through the Conference of State Bank Supervisors, the Money Transmitter Regulators Association, and affiliates and successors thereof for all licensees that hold licenses in this state and other states. As a participant in multistate supervision, the banking board shall:

(a)Cooperate, coordinate, and share information with other state and federal regulators in accordance with section 11-110-402;

(b)Enter into written cooperation, coordination, or information-sharing contracts or agreements with organizations, the membership of which is made up of state or fe

Free access — add to your briefcase to read the full text and ask questions with AI

(1) To efficiently and effectively
administer and enforce this article 110 and to minimize regulatory burden, the
banking board may participate in multistate supervisory processes established
between states and coordinated through the Conference of State Bank
Supervisors, the Money Transmitter Regulators Association, and affiliates and
successors thereof for all licensees that hold licenses in this state and other states.
As a participant in multistate supervision, the banking board shall:

(a) Cooperate, coordinate, and share information with other state and federal
regulators in accordance with section 11-110-402;

(b) Enter into written cooperation, coordination, or information-sharing
contracts or agreements with organizations, the membership of which is made up of
state or federal governmental agencies; and

(c) Cooperate, coordinate, and share information with organizations, the
membership of which is made up of state or federal governmental agencies, if the
organizations agree in writing to maintain the confidentiality and security of the
shared information in accordance with section 11-110-402.

(2) The banking board does not waive, and nothing in this section constitutes
a waiver of, the board's authority to conduct an examination or investigation or
otherwise take independent action authorized by this article 110 or a rule adopted or
order issued under this article 110 to enforce compliance with applicable state or
federal law.

(3) A joint examination or investigation, or acceptance of an examination or
investigation report, does not waive an examination assessment provided for in this
article 110.

Colorado § 11-110-404 (Networked supervision) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.