Page 9 - Flipbook for non-members

Overview: Colorado Statutes & Regulations

Especially Relevant to Banks
(We can work with you to tailor an overview of topics you select; we suggest the below list.)

GENERAL LAWS/REGULATIONS
 Uniform Commercial Code
 Online lien filing with Secretary of State
 Uniform Consumer Credit Code
 Enforcement in Attorney General’s office
 General CO statutes
 Corporation Code
 Banking Code
 Credit Union Law

COLORADO TWIST
 Colorado laws which are significantly different from other states
 Marijuana – still illegal under federal law so it remains illegal to bank related businesses per Controlled
Substances Act, in addition to BSA, AML, KYC complications
 Water rights (personal property), including water conservancy, drainage, irrigation
 Colorado real estate liens
 Titles, conservation easements, wind energy, mineral/surface rights, solar easements…
 Public Trustee system (unique to Colorado)
 Foreclosures, Rule 120 hearings
 Mortgage brokers & lenders
 Homestead exemptions
 Central filing system for liens on agricultural products
 Public Deposit Protection Act
 Taxation – taxes raised only by a vote of the people taxed (property, sales, income – including taxes
on banks)
 Taxpayer Bill of Rights (TABOR) restricts state & local taxes and expenditures
 Bank taxation – taxed like any other corporation
 Workers’ compensation

MISCELLANEOUS
 Elder abuse and exploitation of at-risk adults
 LLCs, including banks
 Fiduciary, powers of appointment and probate
 Statute of frauds, fraudulent transfers
 Unclaimed property, bank audits
 Energy efficiency loans in partnership with government (PACE) – residential and commercial
 Drivers’ licenses, vehicle registration, certificates of title
 Special districts – water, fire, pest & weed control…
 School districts, financing of schools
 Local governments, financing
 Trademarks and business names

COLORADO CONSTITUTIONAL PROVISIONS
 Two particular provisions: Taxpayer Bill of Rights (TABOR), and very liberal initiative process allowing
statewide votes on many issues (including some very harmful to business, expensive to oppose)

ENVIRONMENT
 Colorado’s economy, business environment and demographics; and the sources of that information
 Other – Compliance issues (including marijuana), education programs, information on current topics…

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