NOTE:  This bill has been prepared for the signature of the appropriate legislative
officers and the Governor.  To determine whether the Governor has signed the bill
or taken other action on it, please consult the legislative status sheet, the legislative
      history, or the Session Laws.
      
      
      HOUSE BILL 10-1222
      
      
      BY REPRESENTATIVE(S) Middleton, Apuan, Frangas, Liston;
      also SENATOR(S) Carroll M., Foster, Williams.
      
      
      Concerning continuation of the requirement that a collection
           agency maintain an office in Colorado.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  12-14-123 (1) (b) (I), Colorado Revised Statutes, is
      amended to read:
      
           12-14-123.  Duties of collection agencies - repeal.  (1)  A licensee
      shall:
      
           (b) (I) (A)  Maintain, at all times, an office within this state that is
      open to the public during normal business hours, is staffed by at least one
      full-time employee, and keeps a record of all moneys collected and remitted
      by the agency for residents of Colorado, and accepts payments
      physically made at the office for any debt the agency is
      attempting to collect.
      
           (B)  This subparagraph (I) is repealed, effective July 1, 2010.  The
      department of regulatory agencies shall review the requirements of this
      subparagraph (I) and shall make recommendations to the general assembly
      by October 1, 2009, pursuant to section 24-34-104, C.R.S.  Notify, in each
      written communication, the consumer from whom the agency is
      attempting to collect a debt of the address and telephone number
      of the local office required by this subparagraph (I).
      
           SECTION 2.  Specified effective date.  This act shall take effect
      July 1, 2010.
      
           SECTION 3.  Safety clause.  The general assembly hereby finds,
      determines, and declares that this act is necessary for the immediate
      preservation of the public peace, health, and safety.
      
      
      
      
      ________________________________________________________
      Terrance D. Carroll                Brandon C. Shaffer
      SPEAKER OF THE HOUSE                     PRESIDENT OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
      
      
      ____________________________  ____________________________
      Marilyn Eddins                          Karen Goldman
      CHIEF CLERK OF THE HOUSE                 SECRETARY OF
      OF REPRESENTATIVES                         THE SENATE
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    Bill Ritter, Jr.
                                    GOVERNOR OF THE STATE OF COLORADO