Colorado Code § 10-11-126

Affiliated business arrangements - enforcement - penalties
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(1) The
commissioner shall have the same remedies available to him or her as those available to the
administrator of the department of housing and urban development in the federal "Real Estate
Settlement Procedures Act of 1974", as amended, 12 U.S.C. sec. 2607.
(2) In addition to any other remedies available to the commissioner pursuant to this title,
after notice and a hearing pursuant to section 24-4-105, C.R.S., the commissioner may assess a
penalty for a violation of this article or a rule promulgated under this article. The penalty shall be
the amount of remuneration improperly paid and shall be paid to the person aggrieved by the
violation or apportioned among multiple aggrieved persons as determined by the commissioner.
(3) No person shall be liable for a violation of section 10-11-124 if such person proves
by a preponderance of the evidence that such violation was not intentional and resulted from a
bona fide error notwithstanding maintenance of procedures that are reasonably adopted to avoid
such error.

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