Industry Alerts
All Industry Alerts from the Commissioner will be posted on this page. Please check this page periodically for new information.
Posted 10/28/2011
COMMERCIAL BANKS - Section 6-21-103, C.R.S. implementation - The statute requires financial institutions to offer eligible account holders the option to voluntarily sign a prior consent form, to be placed in the account holder's file, which waives the confidentiality of his/her financial records and authorizes the financial institution to alert the proper authorities of known or suspected financial exploitation of the account holder. The following document is to be made available to all eligible account holders. Click on form title to access document: Prior Consent to Release Financial Information
Posted 7/1/2010
MONEY TRANSMITTERS - HB10-1114 became effective July 1, 2010. Banking Board Rule MO3-Records was amended and Banking Board Rule MO8-Employee Notice was promulgated as emergency rules in response to the July 1 effective date. The forms required by MO3 and MO8 can be found on the Miscellaneous Forms webpage.
Posted 4/12/2010
Industry Advisory Bulletin - Placement of Public Funds into Sweep Account / Collateralizing Uninsured Public Deposits with Securities Acquired Pursuant to Repurchase Agreements
Posted 9/18/2008
Financial Institution Letter from FDIC:
Statement on Investments in Fannie Mae and Freddie Mac
Equity Securities
FIL-93-2008
September 18, 2008
Summary: The Federal Deposit Insurance Corporation (FDIC) will work with the limited number of institutions that have significant holdings of common or perpetual preferred shares in Fannie Mae and Freddie Mac to develop Capital Restoration Plans pursuant to federal regulations. These equity investments should be reported as available-for-sale equity securities, if not held for trading purposes, and any net unrealized losses should be deducted from regulatory capital.
Complete Financial Institution Letter: http://www.fdic.gov/news/news/financial/2008/fil08093.html
Posted 7/30/2008
Revised 8/20/2009 - Surcharge amount changed to 10 percentHouse Bill 08-1216 amended Part 1 of article 24, C.R.S. by the addition of a new section 108 requiring that a 15 percent surcharge be added to fines collected under Titles 10, 11, 12, 40, and 42 C.R.S. The moneys collected are to be used by the Department of Regulatory Agencies for consumer outreach and education. The surcharge is applicable to all fines levied on and after August 8, 2008.
Posted 2/14/2008
ALERT: Please use the following link to access the Division of Real Estate Position Statetment: Applicability of Colorado Mortgage Broker Licensing Law to Employees and Exclusive Agents of Federal and State Financial Institutions. Summary Statement: An individual employed by either a federal or state financial institution is required to comply with all of Colorado's mortgage laws. Covered employees are not required to be licensed by the Division of Real Estate and are not required to obtain Errors and Omissions insurance. |
Working to Preserve Public Trust in Colorado Banking |
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