Bob Marshall
- Democratic
- Representative
- District 43
Primary
The act repeals the current "Money Transmitters Act" and replaces it with the model "Money Transmission Modernization Act" (MTMA). The act adopts the MTMA in part. The act updates outdated or inconsistent regulations relating to money transmitters and money transmission services, including: Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control; Enabling Colorado's participation in multistate licensing initiatives; Codifying the agent-to-payee exemption to licensure; Revising prudential standards required for licensing and ongoing monitoring, such as tangible net worth and permissible investment calculations; Establishing an irrevocable, standby letter of credit as a permissible investment; and Expanding the enforcement actions available in case of nonperformance by a money transmitter.(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
Senate Third Reading Passed - No Amendments
Senate Second Reading Passed - No Amendments
Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
House Third Reading Passed - No Amendments
House Third Reading Laid Over Daily - No Amendments
House Second Reading Special Order - Passed with Amendments - Committee
House Committee on Finance Refer Amended to House Committee of the Whole
| Bill Text Versions | Format |
|---|---|
| Signed Act (04/18/2025) | |
| Final Act (04/08/2025) | |
| Rerevised (03/24/2025) | |
| Revised (03/21/2025) | |
| Reengrossed (03/07/2025) | |
| Engrossed (03/05/2025) | |
| Introduced (02/10/2025) | |
| PA1 (03/04/2025) | |
| Committee Amendment |
| Document | Format |
|---|---|
| Fiscal Note FN1 (02/20/2025) | |
| Fiscal Note FN2 (05/27/2025) |
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