C.R.S. § 12-255-124

(1) Prior to the initiation of an investigation or hearing, any licensee or temporary license holder may surrender the individual’s license to practice nursing or as a certified midwife. (2) Following the initiation of an investigation or hearing and upon a finding that to do so would be in the public interest, the board may allow a licensee or temporary license holder to surrender his or her license to practice. (3) The board shall not issue a license or temporary license or permit to a former licensee or temporary license or permit holder whose license has been surrendered unless the licensee meets all of the requirements of this part 1 for a new applicant, including, for applicants for a license, temporary license, or permit to practice nursing, the passing of an examination. (4) The surrender of a license in accordance with this section removes all rights and privileges to practice nursing or as a certified midwife, as applicable, including renewal of a license.