Robert Rodriguez
- Democratic
- Senator
- District 32
Primary
The act amends the "Uniform Consumer Credit Code" (code) by: Updating the renewal dates for entities required to be licensed under the code from January 31 of each year to July 1 of each year; Creating the consumer credit unit cash fund, into which all fees collected under the code on and after July 1, 2024, must be deposited; and Repealing the uniform consumer credit code cash fund and the collection agency cash fund and transferring the balances remaining in the funds to the consumer credit unit cash fund. The act amends language in the "Colorado Fair Debt Collection Practices Act" relating to the duty of the code administrator to maintain confidentiality to align with the code and the "Colorado Student Loan Equity Act". The act amends the "Colorado Student Loan Equity Act" by: Requiring licensed entities to include an annual report upon application for license renewal; Changing the term "private education loan" to "private education credit obligation" and updating corresponding terms accordingly; Defining the term "refinanced" and excluding student loans subject to refinancing from registration requirements; and Including a cosigner within the definition of "borrower". The act authorizes collection agencies, persons who provide debt-management services, and student loan servicers to allow their employees to work remotely. APPROVED by Governor June 5, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (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 Third Reading Passed - No Amendments
House Second Reading Special Order - Passed - No Amendments
House Committee on Finance Refer Unamended to House Committee of the Whole
Senate Third Reading Passed - No Amendments
Senate Second Reading Special Order - Passed with Amendments - Committee
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
Senate Committee on Business, Labor, & Technology Refer Amended to Finance
Introduced In Senate - Assigned to Business, Labor, & Technology
| Bill Text Versions | Format |
|---|---|
| Signed Act (06/05/2023) | |
| Final Act (05/17/2023) | |
| Rerevised (05/06/2023) | |
| Revised (05/05/2023) | |
| Reengrossed (04/24/2023) | |
| Engrossed (04/21/2023) | |
| Introduced (03/24/2023) | |
| PA1 (04/12/2023) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (04/03/2023) | |
| Fiscal Note FN2 (04/14/2023) | |
| Fiscal Note FN3 (09/05/2023) |
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