Date: 01/20/2015

Final
BILL SUMMARY for HB15-1010

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Refer House Bill 15-1010 to the Committee of the WPASS



10:31 AM -- HB 15-1010

Representatives Kraft-Tharp and Nordberg, bill sponsors, introduced House Bill 15-1010 to the committee. The bill provides an option for people to receive their information as a beneficiary in trust accounts electronically. The committee questioned the bill sponsors about how personal information is safeguarded in this process. Committee members also questioned the sponsors about the standards for a trust regarding mailings and any presumptions in place regarding recipient receipt of mailing information.

10:35 AM -- Ms. Jennifer Waller, representing the Colorado Bankers Association, testified in support of the bill. Ms. Waller testified that unlike most banking accounts, trust accounts are regulated by both state and federal law dictating how statements are delivered. Ms. Waller also provided other details pertaining to current practices and protection of consumer information. There were no questions for Ms. Waller from the committee.

10:38 AM

Representatives Kraft-Tharp and Nordberg gave concluding remarks regarding the bill.
BILL:HB15-1010
TIME: 10:39:28 AM
MOVED:Kraft-Tharp
MOTION:Refer House Bill 15-1010 to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED:Nordberg
VOTE
Arndt
Yes
Garnett
Yes
Navarro
Yes
Nordberg
Yes
Pabon
Yes
Rosenthal
Yes
Roupe
Yes
Szabo
Excused
Tate
Yes
Thurlow
Yes
Winter
Yes
Kraft-Tharp
Yes
Williams
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS