Senate Committee on Business, Labor and Technology (02/25/2009)

Final
STAFF SUMMARY OF MEETING

SENATE COMMITTEE ON BUSINESS, LABOR AND TECHNOLOGY

Date:	02/25/2009	ATTENDANCE

Time:	01:34 PM to 02:00 PM	Foster	X
		Harvey	*
Place:	SCR 354	Mitchell	*
		Scheffel	E
This Meeting was called to order by		Tochtrop	X
	Senator Veiga	Heath	X
		Veiga	X
This Report was prepared by
	Hillary Smith
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
HB09-1141 HB09-1109		Referred to the Committee of the Whole Amended, Referred to the Committee of the Whole

01:34 PM -- House Bill 09-1141

Senator White presented House Bill 09-1141. The bill modifies several provisions related to the Uniform Consumer Credit Code (UCCC) and the fees charged by the UCCC administrator. Senator White distributed a memorandum pertaining to the bill (Attachment A).

The following individual testified:

01:36 PM -- Laura Udis, the First Assistant Attorney General in the Consumer Credit Unit of the Attorney General's office, testified in favor of the bill. She explained the changes made by the bill. She discussed portions of the bill pertaining to consumer protection and to the fee structure. She addressed how the bill would affect the funding for the Uniform Consumer Credit Code Cash Fund.

01:46 PM

Senator White made closing remarks.


BILL:	HB09-1141
TIME:	01:47:11 PM
MOVED:	Heath
MOTION:	Moved to refer House Bill 09-1141 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a 5-0 roll call vote, with two members excused.
SECONDED:
		VOTE
	Foster	Yes
	Harvey	Excused
	Mitchell	Yes
	Scheffel	Excused
	Tochtrop	Yes
	Heath	Yes
	Veiga	Yes

Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS

01:48 PM -- House Bill 09-1109

Senator Veiga presented House Bill 09-1109. The bill amends the definition of a "residence in foreclosure" to include a dwelling that is encumbered by a residential mortgage loan that is delinquent or in default. In addition to properties for which a foreclosure action has commenced, a "residence in foreclosure" can include a residence upon which a foreclosure action is authorized under the terms of the loan. Senator Veiga distributed prepared Amendment L.003 (Attachment B). She explained the bill and the amendment.

The following individuals testified:

01:51 PM -- Jan Zavislan, Deputy Attorney General for Consumer Protection, testified in support of the bill. He described the Colorado Foreclosure Protection Act. He discussed investigations that the Attorney General's office has conducted under the act and described the protections that House Bill 09-1109 would extend. He explained prepared Amendment L.003.

01:58 PM -- Sheryle Hutter, representing the Colorado Cross Disability Coalition, testified in support of the bill.


BILL:	HB09-1109
TIME:	01:59:41 PM
MOVED:	Veiga
MOTION:	Moved prepared Amendment L.003 (Attachment B). The motion passed without objection.
SECONDED:
		VOTE
	Foster
	Harvey	Excused
	Mitchell
	Scheffel	Excused
	Tochtrop
	Heath
	Veiga

Not Final YES: 0 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB09-1109
TIME:	01:59:59 PM
MOVED:	Veiga
MOTION:	Moved to refer House Bill 09-1109, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a 5-0 roll call vote, with two members excused.
SECONDED:
		VOTE
	Foster	Yes
	Harvey	Excused
	Mitchell	Yes
	Scheffel	Excused
	Tochtrop	Yes
	Heath	Yes
	Veiga	Yes

Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS

02:00 PM

The committee adjourned.