Colorado Revised Statutes Title 44. Activities Regulated by the Department of Revenue § 44-50-701. Suspension--revocation--fines

(1) In addition to any other sanctions prescribed by this article 50 or rules promulgated pursuant to this article 50, the state licensing authority has the power, on its own motion or on complaint, after investigation and opportunity for a public hearing at which the licensee must be afforded an opportunity to be heard, to fine a licensee or to suspend or revoke a license issued by the authority for a violation by the licensee or by any of the agents or employees of the licensee of the provisions of this article 50, or any of the rules promulgated pursuant to this article 50, or of any of the terms, conditions, or provisions of the license issued by the state licensing authority. The state licensing authority has the power to administer oaths and issue subpoenas to require the presence of persons and the production of papers, books, and records necessary to the determination of a hearing that the state licensing authority is authorized to conduct.

(2) The state licensing authority shall provide notice of suspension, revocation, fine, or other sanction, as well as the required notice of the hearing pursuant to subsection (1) of this section, by mailing the same in writing to the licensee at the address contained in the license and, if different, at the last address furnished to the authority by the licensee. Except in the case of a summary suspension, a suspension may not exceed six months. If a license is suspended or revoked, a part of the fees paid for the license is not returned to the licensee. Any license, registration, or permit may be summarily suspended by the state licensing authority without notice pending any prosecution, investigation, or public hearing pursuant to the terms of section 24-4-104(4). Nothing in this section prevents the summary suspension of a license pursuant to section 24-4-104(4).