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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  2017-00151

CCR details

Tracking Number 2017-00151
Type of Filing Permanent Rule
Department 700 Department of Regulatory Agencies
Agency 701 Division of Banking
CCR Number 3 CCR 701-1

Proposed rule

Notice Filed with SOS 04/21/2017
Rule ProposedRuleAttach2017-00151.pdf
Additional Information AddInfoAttach2017-00151.pdf
Statutory Authority Sections 11-101-102, 11-102-104, 11-105-601, and 11-105-602, C.R.S.
Description of Subjects/Issues In 2013, Section 11-105-602(3)(a), C.R.S., was amended to remove a restriction on establishing de novo branches in Colorado. Additionally, the Industrial Bank statutes, Sections 11-22-101 to 11-22-706, C.R.S., were repealed. Rule CB101.54 Branching Practices is being amended to reflect these changes to the statutes.
Purpose/Objective of Rule Amend CB101.54(A)(1) only to remove "industrial bank" and revise requirements to establish a de novo branch to reflect amendments made to Section 11-105-602(3)(a), C.R.S. All other existing rule text remains unchanged.
Basis And Purpose BasisAndPurposeAttachment2017-00151.pdf
Submitted in response to issues raised by COLS/OLLS? No
Is this rule adopted in response to recent legislation? No
Hearing Date 06/15/2017
Hearing Time 10:00 AM
Hearing Location DORA, Division of Banking, 1560 Broadway, Suite 975, Denver, CO
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 AdoptedRules02017-00151.rtf
Redline Redline2017-00151.pdf
Adopted Date 06/15/2017
AGO requested date 06/15/2017
Attorney General Opinion 06/29/2017
Colorado Register publication date 07/25/2017
Effective Date 08/14/2017
Inserted into CCR 08/18/2017