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Section 11-44-124 - Repeal of article - review of functions — Colorado Law | CourtGPT
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  3. Colorado/
  4. Title 11 - Financial Institutions Banks and Industrial Banks (§§ 11-1-101 — 11-24-107)banking Code (§§ 11-1-101 — 11-11-101)/
  5. Savings and Loan Associations/
  6. Article 44 - Division of Financial Services/
  7. Section 11-44-124 - Repeal of article - review of functions
Colorado Legal Code

Section 11-44-124 - Repeal of article - review of functions

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This article 44 is repealed, effective September 1, 2033. Before the repeal, the division and the board are scheduled for review in accordance with section 24-34-104.Added by 2024 Ch. 350,§ 2, eff. 8/7/2024, app. to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after 8/7/2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.Section 67(2) of chapter 350 (HB 24-1381), Session Laws of Colorado 2024, provides that the act adding this section applies to the operations of the division of financial services, the commissioner of financial services, the financial services board, credit unions, savings and loan associations, and life care institutions on or after August 7, 2024, including the imposition of fines by the commissioner of financial services against a person who violates a cease-and-desist order or a suspension or removal order.2024 Ch. 350, was passed without a safety clause. See Colo. Const. art. V, § 1(3).