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2E111E903454F297872589730060891F Hearing Summary




PUBLIC
BILL SUMMARY For HB23-1181

HOUSE COMMITTEE ON BUSINESS AFFAIRS & LABOR
Date Mar 15, 2023      
Location HCR 0112



HB23-1181 - Amended, referred to the Committee of the Whole


11:34:28 AM  
Representative Mauro
presented House Bill 23-181. The bill establishes requirements for guaranteed
asset protection agreements offered by motor vehicle lenders. The sponsor
provided written materials to the committee that can be found in Attachment
A.
11:35:39 AM  
The bill sponsor responded to questions from the committee.
11:41:48 AM  
Jenifer Brandeberry, representing Go West Credit Union Association, testified to amend the bill.
11:45:36 AM  
Martha Fulford, representing
the Colorado Department of Law, testified in opposition to the bill.
11:49:24 AM  
Ms. Fulford responded to questions from the committee.
11:59:09 AM  
Committee and witness discussion continued.
12:01:11 PM  
Mrs. Kelly Campbell, representing the American Property Casualty Insurance Association, testified in support of the bill.
12:02:41 PM  
Mr. Tom Keepers, representing the National Guaranteed Asset Protection Alliance, testified in support of the bill.
12:06:24 PM  
Mr. Matthew Groves, representing the Colorado Automobile Dealers Association, testified in support of the bill.
12:06:38 PM  
Mr. Gerald Abboud,
representing the Powersports Dealers' Association of Colorado, testified
in support of the bill.
12:13:12 PM  
Mr. Keepers responded to questions from the committee.
12:22:23 PM  
Mr. Groves and Mr.
Keepers responded to questions from the committee.
12:22:24 PM  

The bill sponsor introduced amendment L.002 to the committee (Attachment B).



12:28:11 PM
Motion Adopt amendment L.002
Moved Mauro
Seconded Lieder
Armagost
English
Frizell
Lieder
Lindstedt
Mabrey
Mauro
Taggart
Weinberg
Ricks
Amabile
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
12:28:12 PM  
Committee members provided final comments on the bill.
12:31:59 PM  
Representative Mauro provided comments on the bill.


12:38:28 PM
Motion Refer House Bill 23-1181, as amended, to the Committee of the Whole.
Moved Mauro
Seconded English
Armagost Yes
English Yes
Frizell Yes
Lieder Yes
Lindstedt Yes
Mabrey Yes
Mauro Yes
Taggart No
Weinberg Yes
Ricks Yes
Amabile Yes
Final YES: 10   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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