1 Colo. Code Regs. § 205-1, Regulation 44-20-121
Current through Register Vol. 47, No. 16, August 25, 2024
Regulation Regulation 44-20-1211. This regulation applies only to licenses issued by the Board under part 1 of article 20 of title 44.2. The reporting requirement of this regulation applies both (a) to a natural person with a motor vehicle salesperson's license, and, (b) to any other natural person (1) who is associated with a licensee with any other class of license issued by the board and (2) who has an ownership, financial or equity interest in the licensee (unless the natural person is a stockholder of a licensee that is subject to the reporting requirements of the "Securities Exchange Act of 1934," as amended, 15 U.S.C. § 78a, et seq.).3. With respect to a natural person specified above, a licensee is responsible to ensure that the board receives written notice of any criminal case brought in any United States court (federal, state, territorial, or the District of Columbia) that resulted in: a. a conviction, plea, or deferment of a felony;b. a conviction, plea, or deferment of either a felony or a misdemeanor pursuant to article 3, 4, or 5 of title 18, C.R.S. or a like crime pursuant to federal law or the law of any other state; or,c. a crime involving odometer fraud, salvage fraud, vehicle title fraud, or the defrauding of a retail consumer in a vehicle sale or lease transaction.4. A licensee: a. must ensure that the board receives the written notice no later than thirty calendar days after a conviction, plea, or deferment; and,b. must enclose certified copies of court documents with the licensee's written notice, including, but not limited to the charging document (an indictment, information, or other notice of charges), a pre-sentencing investigation report (if available), and, documents that reveal the resolution of the case (for example, a plea agreement, a conviction, a deferment, or a sentence of the court).1 CCR 205-1, Regulation 44-20-121
41 CR 20, October 25, 2018, effective 11/14/201841 CR 22, November 25, 2018, effective 12/15/201842 CR 21, November 10, 2019, effective 11/30/201943 CR 24, December 25, 2020, effective 11/17/202045 CR 03, February 10, 2022, effective 3/17/202245 CR 14, July 25, 2022, effective 8/15/2022