Shannon Bird
- Democratic
- Representative
- District 29
Primary
Under current law, when real property is sold in a foreclosure sale for an amount above the value of the lien on the property, any excess amount (overbid), after paying all junior lienors, is paid to the owner of the property as of the recording of the election to foreclose. The act requires that any overbid is instead paid to the person liable under the related evidence of debt constituting a mortgage loan or deed of trust.The act also adds to the definition of "qualified holder" a private company that originates, insures, guaranties, or purchases loans on behalf of a holder of evidence of debt that is secured by a deed of trust encumbering a time share estate with a minimum of $5 million in assets or not less than 1,000 loans.(Note: This summary applies to this bill as enacted.)
Governor Signed
Sent to the Governor
Signed by the President of the Senate
Signed by the Speaker of the House
House Considered Senate Amendments - Result was to Concur - Repass
House Considered Senate Amendments - Result was to Laid Over Daily
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed with Amendments - Committee
Senate Committee on Business, Labor, & Technology Refer Amended - Consent Calendar to Senate Committee of the Whole
Introduced In Senate - Assigned to Business, Labor, & Technology
House Third Reading Passed - No Amendments
House Second Reading Passed with Amendments - Committee
House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
Introduced In House - Assigned to Business Affairs & Labor
| Bill Text Versions | Format |
|---|---|
| Signed Act (05/28/2021) | |
| Final Act (05/19/2021) | |
| Rerevised (04/23/2021) | |
| Revised (04/22/2021) | |
| Reengrossed (04/08/2021) | |
| Engrossed (04/07/2021) | |
| Introduced (03/18/2021) | |
| PA2 (04/20/2021) | |
| PA1 (04/05/2021) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (03/26/2021) | |
| Fiscal Note FN2 (10/07/2021) |
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.