HB 21-1282

  • Colorado House Bill
  • 2021 Regular Session
  • Introduced in House May 20, 2021
  • Passed House May 20, 2021
  • Passed Senate Jun 02, 2021
  • Signed by Governor Jul 07, 2021

Add Consumer Protections Regulation Mortgage Servicers

Abstract

The act subjects mortgage servicers to regulation by the assistant attorney general designated by the attorney general as the administrator of the "Uniform Consumer Credit Code". A "mortgage servicer" is a person that is responsible for servicing a Colorado residential mortgage loan. Regulation of mortgage services includes the requirements of notification, record keeping, payment of fees, compliance with applicable federal laws, reporting, examinations, inspections, and enforcement. A violation of the requirements is subject to enforcement by the administrator, which may include an order requiring the payment of refunds to injured consumers, penalties, costs, and attorney fees.$51,783 is appropriated from the uniform consumer credit code cash fund to the department of law to implement the act and is based on an assumption that the department will require 0.5 FTE to implement the act.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (2)

Votes


Actions


Jul 07, 2021

Office of the Governor

Governor Signed

Jun 24, 2021

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Jun 23, 2021

House

House Considered Senate Amendments - Result was to Concur - Repass

Jun 03, 2021

House

House Considered Senate Amendments - Result was to Laid Over Daily

Jun 02, 2021

Senate

Senate Third Reading Passed - No Amendments

Jun 01, 2021

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Appropriations

May 25, 2021

Senate

Senate Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

May 20, 2021

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

House

House Third Reading Passed - No Amendments

May 19, 2021

House

House Second Reading Special Order - Passed with Amendments - Committee, Floor

May 18, 2021

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

May 10, 2021

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Appropriations Finance

Apr 29, 2021

House

House Committee on Business Affairs & Labor Refer Amended to Finance

  • Referral-Committee
Finance

Apr 16, 2021

House

Introduced In House - Assigned to Business Affairs & Labor

  • Introduction
Business Affairs & Labor

Bill Text

Bill Text Versions Format
Signed Act (07/07/2021) PDF
Final Act (06/23/2021) PDF
Rerevised (06/02/2021) PDF
Revised (06/01/2021) PDF
Reengrossed (05/20/2021) PDF
Engrossed (05/19/2021) PDF
Introduced (04/16/2021) PDF
PA4 (05/25/2021) PDF
PA3 (05/18/2021) PDF
PA2 (05/11/2021) PDF
PA1 (04/30/2021) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (05/17/2021) PDF
Fiscal Note SA2 (05/31/2021) PDF
Fiscal Note FN1 (04/26/2021) PDF
Fiscal Note FN2 (05/22/2021) PDF
Fiscal Note FN3 (08/26/2021) 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.