Date: 02/11/2015

Final
BILL SUMMARY for HB15-1113

HOUSE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS

Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment B). The motion p
Refer House Bill 15-1113, as amended, to the Commi		Pass Without Objection
PASS



11:27 AM -- HB15-1113

Representative Roupe, prime sponsor, presented House Bill 15-1113. The bill creates a requirement that if the foreclosing party causes a continuance of a foreclosure sale on a common interest community (HOA) property, that party is responsible to pay common expense assessments (HOA dues) for the period between the designated date of sale and the actual date of sale. The bill provides that the foreclosing party is not liable for HOA dues in the event of a short sale, certain errors in the foreclosure notice, or if the foreclosure is withdrawn.

11:31 AM -- Molly Foley-Healy, representing the Community Associations Institute, testified in support of the bill. Ms. Foley-Healy described the mortgage lending, foreclosure, and HOA dues assessment processes. She responded to questions from the committee.

11:43 AM -- Jenifer Waller, representing the Colorado Bankers Association, testified in opposition to the bill. Ms. Waller discussed current law with regard to foreclosures. She responded to questions from the committee about amendment L.001 (Attachment B).

15HouseState0211AttachB.pdf15HouseState0211AttachB.pdf
BILL:HB15-1113
TIME: 11:48:30 AM
MOVED:Lontine
MOTION:Adopt amendment L.001 (Attachment B). The motion passed without objection.
SECONDED:Primavera
VOTE
Foote
Humphrey
Lontine
Neville P.
Primavera
Tate
Thurlow
Tyler
Willett
Salazar
Ryden
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


11:50 AM

Representative Roupe wrapped up her presentation of the bill and asked for a favorable recommendation.
BILL:HB15-1113
TIME: 11:54:58 AM
MOVED:Thurlow
MOTION:Refer House Bill 15-1113, as amended, to the Committee of the Whole. The motion passed on a vote of 6-5.
SECONDED:Humphrey
VOTE
Foote
Yes
Humphrey
No
Lontine
Yes
Neville P.
No
Primavera
Yes
Tate
No
Thurlow
Yes
Tyler
Yes
Willett
No
Salazar
No
Ryden
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS