Rule 14	Fee Schedule

For calendar year 2007 and thereafter, unless modified by future rule, the amount payable for the following fees, whether initial or renewal, shall be:

Fee | Amount

Supervised Lender License (single or master license) [5-2-302(1)]

Supervised Lender Branch License [5-2-302(1) & (5)]

Notification Fee [5-6-203(1)]

Volume Fee [5-6-203(2) & (3)]

$300*

$200*

$20

$5 (per $100,000)

Any fee not listed above shall be in the amount specified in the Colorado Uniform Consumer Credit Code (“UCCC”).

* In addition to these license fees, there is a surcharge of $100.00 on each supervised lender license and branch license.  The surcharge is deposited in the Colorado Department of Public Safety’s Identity Theft and Financial Fraud Cash Fund and is authorized by section 24-33.5-1707(2)(b), C.R.S.

statement of basis, specific statutory authority, and purpose

The purpose of the amended rule is to decrease some license fee amounts for 2007 and thereafter to avoid collection of excess revenue over what is required to fund the Colorado Uniform Consumer Credit Code (UCCC) program plus legally permitted reserve amounts.

The basis of the amended rule is to comply with Senate Bill 98-194, codified at § 24-75-402, C.R.S.  UCCC license, notification, and other fees were last set by statute in 1992.  However, Senate Bill 98-194 requires state agencies that are self-funded through various program fees to adjust those fees so that annual revenue collection and uncommitted reserves do not exceed annual budget appropriations by more than 16.5%.  Starting in 1998, UCCC fees have been adjusted from the statutory amounts to comply with these limitations.  Of necessity, this may result in periodic fee increases or decreases.

The amendment to Rule 14 decreases fees from the 2006 level by lowering the supervised lender master license fee from the $400 statutory maximum to $300.  The rule does not change other fees but branch license fees and volume fees remain below the statutory levels.

As of August 1, 2006, new and renewal supervised lender license fees are subject to a $100 per license surcharge to support the activities of the Colorado Department of Public Safety in enforcing and prosecuting identity theft and financial fraud crimes.  The surcharges are deposited in the Colorado Department of Public Safety’s Identity Theft and Financial Fraud Cash Fund and are authorized by section 24-33.5-1707(2)(b), C.R.S.  Notification and volume fees are not subject to the surcharge. 

The statutory authority for these rules is contained in sections 5-6-104(1)(e), 5-6-203(5), 5-6-302(2), 24-4-103, and 24-75-402, C.R.S.