Colorado Revised Statutes Title 11. Financial Institutions § 11-110-119. Civil remedies--restraining orders--cease-and-desist orders--injunctions

(d)(I)(A) If the commissioner has credible evidence that a person is violating or has violated this article 110 and the violation causes an imminent risk of harm to the public, the commissioner may issue an order to cease and desist from the violation. The order must set forth the statutes and rules alleged to have been violated, the facts alleged to have constituted the violation, and the requirement that violations or unlicensed practice immediately cease.

(B) Within ten days after service of the order to cease and desist pursuant to subsection (1)(d)(I)(A) of this section, the respondent may request a hearing on the question of whether a violation of this article 110 has occurred.

(II)(A) If the commissioner has credible evidence that a person is violating or has violated this article 110, the commissioner may issue an order to show cause as to why the commissioner should not issue a final order directing the person to cease and desist from the unlawful act or unlicensed practice. The commissioner shall promptly notify the person of the issuance of the order to show cause and shall include in the notice a copy of the order and the factual and legal basis for the order.

(B) If the commissioner reasonably finds following a hearing that the person against whom the commissioner issued the order to show cause is acting or has acted without the required license or has engaged or is about to engage in acts or practices constituting violations of this article 110, the commissioner may issue a final cease-and-desist order directing the person to cease and desist from further unlawful acts or practices.

(C) The commissioner shall provide notice of the final cease-and-desist order within ten calendar days after the required hearing. The final order is effective when issued and constitutes a final order for purposes of judicial review.