Jeni James Arndt
- Democratic
Primary
Sunset Process - House Business Affairs and Labor Committee. The bill implements the recommendations of the department of regulatory agencies in its sunset review of the board of mortgage loan originators. Sections 1 and 2 ( Recommendation 1 ) of the bill continue the board for 11 years, until September 1, 2029. Section 3 ( Recommendation 2 ) commences the 60-day period within which the board must act on a license application on the date when all information, including supplementary information, necessary to process the application has been received rather than on the date when the application is first received. Section 3 ( Recommendation 3 ) also aligns the educational requirements for initial licensure as an MLO with the educational requirements of the federal 'Secure and Fair Enforcement for Mortgage Licensing Act of 2008' (the 'SAFE Act'). Section 4 ( Recommendation 4 ) aligns the standards for disqualifying prior convictions with the corresponding standards in the SAFE Act and applies those standards to renewal and revocation as well as initial licensure. Section 5 ( Recommendation 5 ) encourages the governor to appoint to one of the 3 seats on the board that is assigned to mortgage loan originators (MLOs) an MLO who is an employee or exclusive agent of, or works as an independent contractor for, a Colorado-based mortgage company.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed - No Amendments
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Business, Labor, & Technology Refer Unamended to Appropriations
Introduced In Senate - Assigned to Business, Labor, & Technology
House Third Reading Passed - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Appropriations Refer Unamended to House Committee of the Whole
House Committee on Finance Refer Unamended to Appropriations
House Committee on Business Affairs and Labor Refer Amended to Finance
Introduced In House - Assigned to Business Affairs and Labor
| Bill Text Versions | Format |
|---|---|
| Committee Amendment | |
| PA1 (02/14/2018) | |
| Introduced (02/02/2018) | |
| Engrossed (04/06/2018) | |
| Reengrossed (04/09/2018) | |
| Revised (04/25/2018) | |
| Rerevised (04/26/2018) | |
| Final Act (05/04/2018) | |
| Signed Act (05/29/2018) |
| Document | Format |
|---|---|
| Fiscal Note SA1 (04/06/2018) | |
| Fiscal Note SA2 (04/24/2018) | |
| Fiscal Note FN1 (02/12/2018) | |
| Fiscal Note FN2 (09/07/2018) |
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.