Date: 03/18/2014
Final
BILL SUMMARY for HB14-1312
HOUSE COMMITTEE ON BUSINESS, LABOR, ECONOMIC, & WORKFORCE DEVELOPMENT
| Votes: View--> | Action Taken: |
| Refer House Bill 14-1312 to the Committee of the W | PASS |
03:04 PM -- HB 14-1312
The committee came back to order. Representative Williams presented House Bill 14-1312, concerning efforts to reduce the number of foreclosures in Colorado, and, in connection therewith, continuing the foreclosure deferment program. Under current law, the foreclosure deferment program in the Department of Local Affairs (DOLA) is scheduled to expire on June 30, 2014. When a borrower is deemed eligible, foreclosure deferment requires the public trustee of a county to delay the scheduled sale of a foreclosed property for up to 90 days. This bill extends the program until September 1, 2015.
The following individuals testified on the bill:
03:12 PM -- Jenifer Waller, representing the Colorado Bankers Association, testified in support of the bill.
03:13 PM -- Peg Ackerman, representing Colorado Public Trustees' Association, testified in support of the bill.
03:15 PM -- Mike Rosser, representing the Colorado Mortgage Lenders Association, testified in support of the bill.
03:17 PM -- Shannon Peer, representing the Colorado Foreclosure Hotline, testified in support of the bill. Mr. Peer discussed the work of the hotline in helping Colorado homeowners in distress. Mr. Peer responded to questions from the committee.
03:21 PM
Representative Williams made closing remarks on the bill.
 | |
| BILL: | HB14-1312 | |
| TIME: | 03:21:42 PM |
| MOVED: | Williams |
| MOTION: | Refer House Bill 14-1312 to the Committee of the Whole. The motion passed on a vote of 7-4. |
| SECONDED: | Ryden |
| VOTE |
| Exum | Yes |
| Hamner | Yes |
| Holbert | No |
| Navarro | No |
| Nordberg | No |
| Rosenthal | Yes |
| Ryden | Yes |
| Szabo | No |
| Wright | Yes |
| Kraft-Tharp | Yes |
| Williams | Yes |
| | |
Final YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS |
03:26 PM
The committee adjourned.