SB19-002

Regulate Student Education Loan Servicers

Concerning the regulation of student education loan servicers, and, in connection therewith, making an appropriation.

Session:

2019 Regular Session

Subject:

Financial Services & Commerce

Bill Summary

Student loan servicers - license requirement - regulation by assistant attorney general - appropriation. The act requires an entity that services a student education loan owned by a Colorado resident to be licensed by the administrator of the "Uniform Consumer Credit Code". "Servicing" means receiving a scheduled periodic payment from a student loan borrower, applying the payments of principal and interest with respect to the amounts received from a student loan borrower, and similar administrative services. The act specifies particular acts that are required of or prohibited by student loan servicers and the administrator's powers and duties. Violation of the licensing law is a deceptive trade practice. The act also creates a student loan ombudsperson to provide timely assistance to student loan borrowers.

$115,273 is appropriated to the department of law from the general fund to implement the act.

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

Date	Bill Type	Documents
05/13/2019	Signed Act	PDF
05/07/2019	Final Act	PDF
04/24/2019	Rerevised	PDF
04/23/2019	Revised	PDF
03/22/2019	Reengrossed	PDF
03/21/2019	Engrossed	PDF
01/04/2019	Introduced	PDF

Date	Bill Type	Documents
04/23/2019	PA5	PDF
04/18/2019	PA4	PDF
03/19/2019	PA3	PDF
02/27/2019	PA2	PDF
02/08/2019	PA1	PDF

Date	Version	Documents
08/29/2019	FN3	PDF
02/25/2019	FN2	PDF
02/06/2019	FN1	PDF

Date	Version	Documents
04/22/2019	SA2	PDF
03/18/2019	SA1	PDF

Activity	Vote	Documents
Adopt amendment L.006	The motion passed without objection.	Vote Summary
Refer Senate Bill 19-002, as amended, to the Committee of the Whole.	The motion passed on a vote of 7-4.	Vote Summary

Regulate Student Education Loan Servicers

Status

Menu

Bill Text

All Versions (7 )

Preamended Versions (5 )

Budget Documents

Fiscal Notes (3)

Budget Staff Analysis (2)

Committee Actions

04/30/2019 | CC_SB19-002_2019A (1 )

04/23/2019 | House Appropriations (2 )

04/19/2019 | House Appropriations (0 )

04/17/2019 | House Finance (2 )

04/11/2019 | House Education (1 )

03/19/2019 | Senate Appropriations (2 )

02/26/2019 | Senate Finance (2 )

02/07/2019 | Senate Education (2 )

Votes

Senate Votes (5)

House Votes (3)

Amendments

Bill History

Sponsors

Session Laws

Colorado General Assembly

Activity	Vote	Documents
Adopt amendment L.005 (Attachment F)	The motion passed without objection.	Vote Summary
Refer Senate Bill 19-002, as amended, to the Committee on Appropriations.	The motion passed on a vote of 7-4.	Vote Summary

Activity	Vote	Documents
Adopt amendment J.001	The motion passed without objection.	Vote Summary
Refer Senate Bill 19-002, as amended, to the Committee of the Whole.	The motion passed on a vote of 6-4.	Vote Summary

Activity	Vote	Documents
Adopt amendment L.003 (Attachment C)	The motion passed without objection.	Vote Summary
Refer Senate Bill 19-002, as amended, to the Committee on Appropriations.	The motion passed on a vote of 5-2.	Vote Summary

Activity	Vote	Documents
Adopt amendment L.001	The motion passed without objection.	Vote Summary
Refer Senate Bill 19-002, as amended, to the Committee on Finance.	The motion passed on a vote of 4-0.	Vote Summary

Date	Action	Motion	Vote	Vote Document
05/01/2019	Conference Committee Report	REPASS	Aye: 23 No: 12 Other: 0	View
05/01/2019	Conference Committee Report	ADOPT CCR	Aye: 35 No: 0 Other: 0	View
04/26/2019	House Amendments	NOT CONCUR APPT CC	Aye: 35 No: 0 Other: 0	View
03/22/2019	Third Reading	BILL	Aye: 21 No: 9 Other: 5	View
03/21/2019	Committee of the Whole	COW * (.002)	Aye: 27 No: 8 Other: 0	View

Date	Action	Motion	Vote	Vote Document
04/30/2019	Conference Committee Report	ADOPT	Aye: 56 No: 9 Other: 0	View
04/30/2019	Conference Committee Report	REPASS	Aye: 41 No: 24 Other: 0	View
04/24/2019	Third Reading	BILL	Aye: 40 No: 24 Other: 1	View

Date	Amendment Number	Committee/Floor Hearing	Status	Documents
04/23/2019	L.006	HOU Appropriations	Passed*	PDF
04/17/2019	L.005	HOU Finance	Passed*	PDF
03/21/2019	L.004	Second Reading	Passed**	PDF
03/19/2019	J.001	SEN Appropriations	Passed*	PDF
02/26/2019	L.003	SEN Finance	Passed*	PDF
02/07/2019	L.001	SEN Education	Passed*	PDF

Date	Location	Action
05/13/2019	Governor	Governor Signed
05/07/2019	Governor	Sent to the Governor
05/07/2019	House	Signed by the Speaker of the House
05/07/2019	Senate	Signed by the President of the Senate
05/01/2019	Senate	Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
04/30/2019	House	House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass
04/30/2019	ConfComm	First Conference Committee Result was to Adopt Rerevised w/ Amendments
04/26/2019	Senate	Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee
04/25/2019	Senate	Senate Considered House Amendments - Result was to Laid Over Daily
04/24/2019	House	House Third Reading Passed - No Amendments
04/23/2019	House	House Second Reading Special Order - Passed with Amendments - Committee
04/23/2019	House	House Committee on Appropriations Refer Amended to House Committee of the Whole
04/17/2019	House	House Committee on Finance Refer Amended to Appropriations
04/11/2019	House	House Committee on Education Refer Unamended to Finance
03/26/2019	House	Introduced In House - Assigned to Education
03/22/2019	Senate	Senate Third Reading Passed - No Amendments
03/21/2019	Senate	Senate Second Reading Passed with Amendments - Committee, Floor
03/19/2019	Senate	Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/26/2019	Senate	Senate Committee on Finance Refer Amended to Appropriations
02/07/2019	Senate	Senate Committee on Education Refer Amended to Finance
01/04/2019	Senate	Introduced In Senate - Assigned to Education

Sponsor Type	Legislators
Prime Sponsor	Sen. S. Fenberg, Sen. F. Winter Rep. D. Jackson, Rep. D. Roberts
Sponsor
Co-sponsor	Sen. J. Bridges, Sen. J. Danielson, Sen. K. Donovan, Sen. R. Fields, Sen. M. Foote, Sen. L. Garcia, Sen. J. Gonzales, Sen. P. Lee, Sen. D. Moreno, Sen. B. Pettersen, Sen. R. Rodriguez, Sen. T. Story, Sen. J. Tate, Sen. N. Todd, Sen. A. Williams Rep. J. Arndt, Rep. K. Becker, Rep. S. Bird, Rep. B. Buentello, Rep. Y. Caraveo, Rep. J. Coleman, Rep. L. Cutter, Rep. M. Duran, Rep. D. Esgar, Rep. T. Exum, Rep. R. Galindo, Rep. M. Gray, Rep. C. Hansen, Rep. L. Herod, Rep. E. Hooton, Rep. C. Kennedy, Rep. C. Kipp, Rep. S. Lontine, Rep. J. McCluskie, Rep. B. McLachlan, Rep. J. Melton, Rep. D. Michaelson Jenet, Rep. K. Mullica, Rep. J. Singer, Rep. E. Sirota, Rep. M. Snyder, Rep. K. Tipper, Rep. B. Titone, Rep. A. Valdez, Rep. D. Valdez, Rep. M. Weissman