Date: 03/01/2006

Final
BILL SUMMARY for HB06-1356

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Moved to refer House Bill 06-1356 to the CommitteePASS



09:52 AM -- House Bill 06-1356

Representative Judd, prime sponsor, presented House Bill 1356 and distributed a handout about the bill (Attachment A). He stated that the bill would eliminate duplicate licensing for collection agencies that perform traditional collection agency functions without affecting consumer protection. Representative Judd explained that currently, the Colorado Uniform Consumer Credit Code (UCCC) requires collection agencies to have a supervised lenders license if they collect supervised loans in default. Additionally, the Colorado Fair Debt Collection Practices Act requires collection agencies to be licensed when they collect consumer debt in default. He stated that these licenses are duplicative.

09:54 AM -- Laura Udis, representing the Colorado Attorney General's Office (AGO), Consumer Credit Division, testified in support of the bill. She stated that one of the duties of the AGO is to license collection agencies under the Colorado Fair Debt Collection Practices Act. Ms. Udis stated that her office did find the licenses to be duplicative and found that there is no consumer benefit in having the double licensing. She added that there are currently 14 companies now that have the double licensing.
BILL:HB06-1356
TIME: 09:56:52 AM
MOVED:Balmer
MOTION:Moved to refer House Bill 06-1356 to the Committee of the Whole. The motion passed 12-0.
SECONDED:McCluskey
VOTE
Balmer
Yes
Borodkin
Yes
Butcher
Yes
Carroll M.
Yes
Coleman
Yes
Knoedler
Yes
Liston
Yes
McCluskey
Yes
Paccione
Yes
Penry
Yes
Welker
Yes
Cerbo
Yes
Marshall
Excused
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS