SB 25-016

  • Colorado Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Feb 06, 2025
  • Passed Senate Feb 06, 2025
  • Passed House Mar 13, 2025
  • Governor

Updating Escrow Disbursement Practices

Abstract

The bill modifies the types of funds that are available for immediate withdrawal as a matter of right in real estate transactions by: Limiting wire transfer funds to only those funds that are wired through a funds-transfer system operated by the federal reserve or the Clearing House Payments Company ; and Adding funds credited to an escrow account, if the bank or financial institution holding the account confirms that there has been final settlement of the credited funds including a real-time or an instant payment made through a funds-transfer service operated by the federal reserve or the Clearing House Payments Company's real-time payments system. (Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.) (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Bill Sponsors (13)

Votes


Mar 13, 2025

Feb 06, 2025

Actions


Mar 13, 2025

House

House Third Reading Passed - No Amendments

Mar 12, 2025

House

House Second Reading Special Order - Passed with Amendments - Committee

Mar 10, 2025

House

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

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

Feb 06, 2025

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Senate

Senate Third Reading Passed - No Amendments

Feb 05, 2025

Senate

Senate Second Reading Special Order - Passed with Amendments - Floor

Feb 03, 2025

Senate

Senate Second Reading Laid Over to 02/05/2025 - No Amendments

Jan 31, 2025

Senate

Senate Second Reading Laid Over Daily - No Amendments

Jan 28, 2025

Senate

Senate Committee on Finance Refer Amended to Senate Committee of the Whole

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

Jan 08, 2025

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Rerevised (03/13/2025) PDF
Revised (03/12/2025) PDF
Reengrossed (02/06/2025) PDF
Engrossed (02/05/2025) PDF
Introduced (01/08/2025) PDF
PA2 (03/11/2025) PDF
PA1 (01/29/2025) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (01/13/2025) PDF
Fiscal Note FN2 (02/20/2025) 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.