§11-30-106 (7) Colorado
Revised Statutes (C.R.S.) in part: Any person aggrieved by a final order of the
Commissioner issued pursuant to this section may appeal such order to the
financial services board pursuant to section 11-44-101.8.
§11-44-101.8 (1) (a) Colorado
Revised Statutes (C.R.S.) Any credit union, savings and loan association, or
life care institution or provider, or any officer, director, employee, agent,
advisor, or volunteer thereof, may appeal to the board any actions taken
pursuant to authority delegated by the board pursuant to section 11-44-101.7
(5) or as otherwise specifically provided by statute. Notice of such appeal
shall be filed with the Commissioner within thirty days after such findings,
ruling, order, decision, or other action. Such notice shall contain a brief
statement of the pertinent facts upon which such appeal is based. Within sixty
days after the appeal is filed, the board shall fix a date, time, and place for
hearing the appeal and shall notify the credit union, savings and loan
association, or life care institution or provider at least thirty days prior to
the date of said hearing. Any such action of the Commissioner may be stayed by
the board pending the appeal to the board. The findings, order, decision,
ruling, or other action of the board shall be deemed final agency action.
(b) In extraordinary
circumstances, upon order of the board, any hearing conducted pursuant to
paragraph (a) of this subsection (1) shall be exempt from any provision of law
requiring that proceedings of the board be conducted publicly. Such
extraordinary circumstances occur when specific concern arises about prompt
withdrawal of moneys from an institution.