1 Colo. Code Regs. § 205-1, Regulation 44-20-121(6.5)(a)
Current through Register Vol. 47, No. 22, November 25, 2024
Regulation Regulation 44-20-121(6.5)(a)"Material Misstatement in an Application for a License" means
(a) either a written statement, a responsive mark (for example, a mark in a checkbox), or, an omission, (b) for which the applicant is responsible, (c) that is false or misleading, and (d) that is made in support of an application either (1) by a natural person who has an ownership, financial, or equity interest in an applicant for a business disposer's license (except for a natural person whose sole relationship to the applicant is as a stockholder of a corporation that is subject to the reporting requirements of the "Securities Exchange Act of 1934," as amended, 15 U.S.C. § 78a, et seq.), or, (2) by a natural person who has the ability to control or to exercise significant financial or operational influence over an applicant for a business disposer's license. For purposes of this rule, "material" means reasonably significant enough to affect the outcome of the Board's review of an application.1 CCR 205-1, Regulation 44-20-121(6.5)(a)
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