Colorado Code § 11-44-117

Setoffs. Credits on loan shares of all persons indebted to any savings and loan association in the possession of the commissioner, whether the indebtedness is due or to become due, shall be applied by the commissioner on account of the indebtedness. Source: L. 33: p. 349, § 16. CSA: C. 25, § 62. CRS 53: § 122-6-17. C.R.S. 1963: § 122- 5-17. L. 2024: Entire section amended, (HB 24-1381), ch. 350, p. 2387, § 53, effective August 7. Editor's note: Section 67

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(2) of chapter 350 (HB 24-1381), Session Laws of Colorado
2024, provides that the act changing this section applies to the operations of the division of
financial services, the commissioner of financial services, the financial services board, credit
unions, savings and loan associations, and life care institutions on or after August 7, 2024,
including the imposition of fines by the commissioner of financial services against a person who
violates a cease-and-desist order or a suspension or removal order.

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