Colorado Revised Statutes Title 44. Activities Regulated by the Department of Revenue § 44-30-524. Suspension or revocation of license--grounds--penalties

(1)(a) The commission may revoke a license granted pursuant to this article 30 for any cause that would have prevented issuance of the license, including the causes set forth in sections 44-30-509 and 44-30-801.

(b) The commission may suspend or revoke a license granted pursuant to this article 30 for a violation by the licensee or an officer, director, agent, member, or employee of the licensee, after notice to the licensee, the opportunity for a hearing, and upon proof by a preponderance of the evidence as determined by the commission. Violations that may warrant license suspension or revocation include violations of this article 30, any rule promulgated by the commission, any provision of article 33 of this title 44, or any rule promulgated by the executive director pursuant to section 44-33-108(3), or conviction of a crime. In addition to revocation or suspension, or in lieu of revocation or suspension, the commission may impose a reprimand or a monetary penalty not to exceed the following amounts: