HB 17-1026

  • Colorado House Bill
  • 2017 Regular Session
  • Introduced in House Apr 19, 2017
  • House
  • Senate
  • Governor

Reverse Mortgage Repayment When Home Uninhabitable

Abstract

Wildfire Matters Review Committee. Under current law, the borrower in a reverse mortgage transaction is relieved of the obligation to occupy the subject property as a principal residence if the borrower is temporarily absent for up to 60 days or, if the property is adequately secured, up to one year. The bill directs the wildfire matters review committee to examine, in 2017, the circumstances giving rise to the introduced version of House Bill 17-1026, including the necessity and desirability of adding a third exception to the principal-residence requirement to cover situations in which a natural disaster or other serious incident beyond the borrower's control renders the property uninhabitable.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (2)

Votes


Actions


Apr 24, 2017

Colorado General Assembly

Senate Committee on State, Veterans, & Military Affairs Postpone Indefinitely

State, Veterans, & Military Affairs

Apr 19, 2017

Colorado General Assembly

Introduced In Senate - Assigned to State, Veterans, & Military Affairs

  • Introduction
State, Veterans, & Military Affairs

Apr 18, 2017

Colorado General Assembly

House Third Reading Passed - No Amendments

Apr 17, 2017

Colorado General Assembly

House Second Reading Passed with Amendments - Committee

Apr 12, 2017

Colorado General Assembly

House Committee on Local Government Refer Amended to House Committee of the Whole

  • Referral-Committee
  • Committee-Passage
House Committee of the Whole Local Government

Mar 15, 2017

Colorado General Assembly

House Committee on Local Government Lay Over Unamended - Amendment(s) Failed

Local Government

Feb 15, 2017

Colorado General Assembly

House Committee on Local Government Lay Over Unamended - Amendment(s) Failed

Local Government

Jan 18, 2017

Colorado General Assembly

House Committee on Local Government Witness Testimony and/or Committee Discussion Only

Local Government

Jan 11, 2017

Colorado General Assembly

Introduced In House - Assigned to Local Government

  • Introduction
Local Government

Bill Text

Bill Text Versions Format
Amendment L.002 PDF
Committee Amendment PDF
PA1 (04/17/2017) PDF
Introduced (01/11/2017) PDF
Engrossed (04/17/2017) PDF
Reengrossed (04/18/2017) PDF

Related Documents

Document Format
Fiscal Note FN1 (01/13/2017) PDF
Fiscal Note FN2 (04/21/2017) PDF
Fiscal Note FN3 (05/31/2017) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.