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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  2016-00255


CCR details

Tracking Number 2016-00255
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 703 Division of Financial Services
CCR Number 3 CCR 703-3
CCR Title RULES AND REGULATIONS OF THE COLORADO DIVISION OF FINANCIAL SERVICES PERTAINING TO CREDIT UNIONS

Proposed rule

Notice Filed with SOS 05/27/2016
Rule ProposedRuleAttach2016-00255.pdf
Statutory Authority CRS 11-30-106(3) and 11-44-101.7(1)(b)
Description of Subjects/Issues Create new and amend existing rules with respect to the governance of state-chartered credit unions by authorizing the appointment of an audit committee in lieu of a supervisory committee and allowing for the reasonable compensation of a director for his or her service to the credit union.
Purpose/Objective of Rule Create new and amend existing rules with respect to the governance of state-chartered credit unions by authorizing the appointment of an audit committee in lieu of a supervisory committee and allowing for the reasonable compensation of a director for his or her service to the credit union.
Basis And Purpose BasisAndPurposeAttachment2016-00255.doc
Comments Adopted by the Financial Services Board on July 8, 2016
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? Yes
Recent legislation bill number 16-125
Hearing Date 07/08/2016
Hearing Time 11:00 AM
Hearing Location Colorado Division of Financial Services, 1560 Broadway, Suite 950, Denver, Colorado 80202
Contact Name Patricia Salazar
Contact Title Commissioner of Financial Services
Contact Telephone 303-894-7741
Contact email patty.salazar@state.co.us

Adopted rule

Adopted Rules AdoptedRules12016-00255.doc
Redline Redline2016-00255.doc
Adopted Date 07/08/2016
AGO requested date 07/12/2016
Attorney General Opinion 07/22/2016
Colorado Register publication date 08/10/2016
Effective Date 09/01/2016
Inserted into CCR 08/22/2016