Colo. Rev. Stat. § 11-44-104
The commissioner may delegate such of the commissioner's powers and authority to the commissioner's deputies as the commissioner deems necessary for proper administration of the division and may designate appropriate titles for the commissioner's deputies and any of the commissioner's employees. Any delegation or designation may be rescinded by the commissioner at any time. Written records of such actions shall be retained in the files of the division. The acts of deputies who have delegated powers and authority have the same legal effect as if the acts were performed personally by the commissioner.
C.R.S. § 11-44-104
Section 67(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.