CLICS/CLICS2024A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB24-1011
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Mar 26, 2024
Location Old Supreme Court
HB24-1011 - Amended, referred to the Committee of the Whole - Consent Calendar
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03:59:17 PM |
Senators Marchman and Cutter introduced House Bill 24-1011, concerning mortgage servicers. The bill adds certain requirements for mortgage services related to the disclosure and disbursement of funds to a borrower, and creates a new civil cause of action. The sponsors distributed Amendment L.005 (Attachment H).
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04:00:09 PM |
Mr. Bennett, representing
themself, spoke in opposition to the bill.
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04:06:14 PM |
Ms. Tawnya Somauroo, representing themself, testified in support of the bill.
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04:08:08 PM |
Martha Fulford, representing the Department of Law, testified in support of the bill.
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04:11:28 PM |
Ms. Judi Kern, representing themself, testified in support of the bill.
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04:16:14 PM |
Ms. Betty Knecht, representing the Colorado Mortgage Lenders Association, testified in a neutral position on the bill.
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04:16:22 PM |
The panelists responded to questions from the committee.
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04:16:23 PM |
Additional written
comments that were provided to the committee may be found in Attachment
I.
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04:21:17 PM |
Senator Cutter explained
the purpose of Amendment L.005.
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04:22:35 PM
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Motion |
Adopt amendment L.005 |
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| Moved |
Ginal |
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| Seconded |
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Baisley |
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Coleman |
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Ginal |
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Liston |
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Sullivan |
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Hinrichsen |
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Danielson |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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04:22:51 PM |
Senator Cutter made closing comments on the merits of the bill.
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04:26:03 PM
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Motion |
Refer House Bill 24-1011, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. |
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Ginal |
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| Seconded |
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Baisley |
Yes |
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Coleman |
Yes |
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Ginal |
Yes |
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Liston |
Yes |
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Sullivan |
Yes |
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Hinrichsen |
Excused |
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Danielson |
Yes |
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Final |
YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS |
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