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First Regular Session | 75th General Assembly
Colorado General Assembly
SB20-140

Powersports And Motor Vehicle Sales Bond Requirement

Type Bill
Session 2020 Regular Session
Subjects
Professions & Occupations Transportation & Motor Vehicles

Concerning the types of conditions that may authorize a person to recover from the bond required as a condition to be licensed to sell vehicles with motors.

Bill Summary:

Preexisting law requires motor vehicle and powersports dealers, salespersons, buyer agents, wholesale auction dealers, business disposers, and wholesalers to have bonds to compensate people for fraud or a violation of the motor vehicle dealer statutes if the violation is designated as recoverable by the motor vehicle dealer board. The act requires the violation to be related to fraud in order for a person to recover from the bond. A person may recover from a bond in an action if the board issues a final agency order with a finding of fraud.


(Note: This summary applies to this bill as enacted.)

Prime Sponsors

Senator Chris Holbert

Senator

Chris Holbert

Representative Jovan Melton

Representative

Jovan Melton

Committees

Senate

Business, Labor, & Technology

House

Transportation & Local Government

Status

Became Law

Introduced

Passed

Became Law

Related Documents & Information

Date Version Documents
07/02/2020 Signed Act PDF
06/12/2020 Final Act PDF
06/03/2020 Rerevised PDF
06/01/2020 Revised PDF
06/01/2020 Reengrossed PDF
02/18/2020 Engrossed PDF
01/27/2020 Introduced PDF
Date Version Documents
09/02/2020 FN2 PDF
02/06/2020 FN1 PDF
Activity Vote Documents
Refer Senate Bill 20-140 to the Committee of the Whole. The motion passed on a vote of 10-0. Vote summary
Hearing Summary
|
Committee Report:  PDF
Activity Vote Documents
Refer Senate Bill 20-140 to the Committee of the Whole. The motion passed on a vote of 4-1. Vote summary
Hearing Summary
|
Committee Report:  PDF
Date Calendar Motion Vote Vote Document
06/03/2020 Third Reading BILL
64
AYE
0
NO
1
OTHER
 		Vote record
Date Calendar Motion Vote Vote Document
02/19/2020 Third Reading BILL
30
AYE
4
NO
1
OTHER
 		Vote record
Date Amendment Number Committee/ Floor Hearing Status Documents
02/18/2020 L.001 Second Reading Passed [**] PDF

* Amendments passed in committee are not incorporated into the measure unless adopted by the full House or Senate.

** The status of Second Reading amendments may be subsequently affected by the adoption of an amendment to the Committee of the Whole Report. Refer to the House or Senate Journal for additional information.

Date Location Action
07/02/2020 Governor Governor Signed
06/15/2020 Governor Sent to the Governor
06/13/2020 House Signed by the Speaker of the House
06/12/2020 Senate Signed by the President of the Senate
06/11/2020 House House Third Reading Laid Over Daily - No Amendments
06/03/2020 House House Third Reading Passed - No Amendments
06/01/2020 House House Second Reading Passed - No Amendments
05/28/2020 House House Second Reading Laid Over to 06/01/2020 - No Amendments
03/14/2020 House House Second Reading Laid Over to 03/30/2020 - No Amendments
03/13/2020 House House Second Reading Laid Over Daily - No Amendments
03/10/2020 House House Committee on Transportation & Local Government Refer Unamended to House Committee of the Whole
02/25/2020 House Introduced In House - Assigned to Transportation & Local Government
02/19/2020 Senate Senate Third Reading Passed - No Amendments
02/18/2020 Senate Senate Second Reading Passed with Amendments - Floor
02/12/2020 Senate Senate Committee on Business, Labor, & Technology Refer Unamended to Senate Committee of the Whole
01/27/2020 Senate Introduced In Senate - Assigned to Business, Labor, & Technology
Effective Date Chapter # Title Documents
09/14/2020 225 Powersports & Motor Vehicle Sales Bond Requirement PDF

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