| Notice Filed with SOS |
05/19/2023 |
| Rule |
ProposedRuleAttach2023-00276.pdf |
| Additional Information |
AddInfoAttach2023-00276.pdf |
| Statutory Authority |
The statutory basis for Banking Board Rule 3 CCR 701-1 CB101.49 is found in Section 11-103-502(3)(b)
of the Colorado Revised Statutes.
11-101-102. Declaration of policy.
11-102-104. Powers and duties of the banking board.
11-103-502. Directors’ meetings - duties. |
| Description of Subjects/Issues |
The purpose of this Rule is to provide the examination scope of Directors’ Examinations, the extent of
testing, as well as the reports to be filed with the Colorado Division of Banking (Division).
The purpose of this rulemaking is to amend Rule 3 CCR 701-1 CB101.49.
The Division finds that the proposed amendment to this rule is necessary as follows:
● Revise verbiage from “Allowance for Loan Losses” to “Allowance for Credit Losses.” |
| Purpose/Objective of Rule |
The purpose of this Rule is to provide the examination scope of Directors’ Examinations, the extent of testing, as well as the reports to be filed with the Colorado Division of Banking (Division). |
| Basis And Purpose |
BasisAndPurposeAttachment2023-00276.pdf
|
| Submitted in response to issues raised by COLS/OLLS? |
No
|
| Is this rule adopted in response to recent legislation? |
No
|
| Hearing Date |
07/20/2023 |
| Hearing Time |
10:00 AM |
| Hearing Location |
1560 Broadway, Suite 100D, Denver, Colorado |
| Contact Name |
Charles Siler |
| Contact Title |
Banking Board Administrator |
| Contact Telephone |
3038947584 |
| Contact email |
charles.siler@state.co.us |