C.R.S. § 12-245-227

A board, on its own motion or upon application, at any time after the imposition of any discipline as provided in section 12-245-226 , may reconsider its prior action and reinstate or restore the license, registration, or certification; terminate probation; or reduce the severity of its prior disciplinary action. The board has sole discretion to determine whether to take further action or hold a hearing with respect to its prior disciplinary action.