CLICS/CLICS2023A/commsumm.nsf
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 |
|
|
