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Code of Colorado Regulations eDocket
Official Publication of the State Administrative Rules (24-4-103(11) C.R.S.)

Details of Tracking Number  2014-00209


CCR details

Tracking Number 2014-00209
Type of Filing Emergency
Department 700 Department of Regulatory Agencies
Agency 701 Division of Banking
CCR Number 3 CCR 701-4
CCR Title RULES OF THE COLORADO STATE BANKING BOARD PERTAINING TO THE PUBLIC DEPOSIT PROTECTION ACT

Proposed rule

Rule
Additional Information
Statutory Authority Sections 11-101-102, 11-102-104(1)(a), 11-10.5-102, 11-10.5-105, and 11 10.5 107, C.R.S.
Purpose/Objective of Rule The specific purpose of this emergency rule is to correct a scrivener’s error that resulted in an inadvertent, substantive modification of PDP3. The limitation that “[i]n no event shall an eligible public depository's pledged collateral portfolio consist of more than 50% of the above-described obligations” now found in paragraph G of PDP3 is being removed. Additionally, the definition of eligible first lien mortgages or deeds of trust on 1-to-4 family residential real property is no longer incorporated by reference from FFIEC call report instructions, but is now explicitly stated in paragraph C.
Basis And Purpose BasisAndPurposeAttachment2014-00209.RTF
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation?
Contact Name Diana S Gutierrez
Contact Title Banking Board Secretary
Contact Telephone 303-894-7584
Contact email diana.gutierrez@state.co.us

Adopted rule

Adopted Rules AdoptedRules02014-00209.RTF
Redline Redline2014-00209.RTF
Emergency Justification EmergencyJustificationPathAttach2014-00209.RTF
Adopted Date 03/20/2014
Emergency AGO requested date 04/07/2014
Attorney General Opinion 04/07/2014
Colorado Register publication date 04/25/2014
Effective Date 03/20/2014
Inserted into CCR 04/10/2014