2D7E9D06D1D76728872589900081D4AC Hearing Summary

PUBLIC
BILL SUMMARY For HB23-1181

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Apr 13, 2023
Location Old Supreme Court

HB23-1181 - Committee Discussion Only


	05:38:12 PM	The committee recessed.
	05:38:23 PM	The committee came back to order.
	05:45:07 PM	Senators Hinrichsen and Mullica introduced House Bill 23-1181, concerning guaranteed asset protection agreements. The bill establishes requirements of guaranteed asset protection agreements offered by motor vehicle lenders.
	05:50:51 PM	Martha Fulford, representing the Colorado Department of Law, testified in opposition to the bill. She responded to questions from the committee.
	05:54:54 PM	Mr. Tom Keepers, representing the Guaranteed Asset Protection Alliance, testified in support of the bill.
	05:55:20 PM	Ms. Katie March, representing the GoWest Credit Union Association, testified in support of the bill.
	05:58:50 PM	Mr. Gerald Abboud, representing the Powersports Dealers Association of Colorado, testified in support of the bill.
	06:04:52 PM	The panelists responded to questions from the committee.
	06:05:06 PM	The sponsors made closing comments on the bill. The chair laid the bill over for action at a later date.