2017 Colorado Revised Statutes
Title 11 - Financial Institutions
Banks
Article 110 - Money Transmitters
Part 1 - General Provisions
§ 11-110-119. Civil remedies - restraining orders - injunctions
(1) (a) If the board has cause to believe that a person has sold or issued exchange or transmitted money without a license issued under this article 110, the board may obtain from the district court of the city and county of Denver a temporary restraining order or a preliminary or permanent injunction prohibiting the person from violating this article 110. In the action, the board shall not be required to plead or prove irreparable injury or the inadequacy of the remedy at law.
(b) The court shall not require the board to post a bond.
(c) The district court may issue any orders or judgments necessary to prevent a violation of this article 110. The district court may award to the board the costs and attorney fees incurred in enforcing this article 110.
(2) A person who violates a district court order or injunction entered pursuant to this section shall be subject to the contempt powers of the district court and shall pay a civil penalty of not more than ten thousand dollars for each such violation. Each day a person continues to violate the district court order shall be a separate violation; except that the aggregate total of civil penalties shall not exceed one hundred thousand dollars for a related series of violations.
(3) The civil remedies imposed by this section shall be in addition to any other penalty or remedy for a violation of this article 110.
