NOTE: The governor signed this measure on 6/5/2015.
      
      
      SENATE BILL 15-203
      
      
      BY SENATOR(S) Cooke;
      also REPRESENTATIVE(S) Pabon, Lontine, Pettersen.
      
      
      Concerning continuation of the regulation of debt-management
           service providers by the attorney general, and, in
           connection therewith, implementing the recommendations
           of the 2014 sunset report by the department of regulatory
           agencies.
       
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  In Colorado Revised Statutes, 24-34-104, repeal (46)
      (j); and add (55) (j) as follows:
      
           24-34-104.  General assembly review of regulatory agencies and
      functions for termination, continuation, or reestablishment. (46)  The
      following agencies, functions, or both shall terminate on July 1, 2015:
      
           (j)  The functions pursuant to part 2 of article 14.5 of title 12,
      C.R.S., of the administrator designated pursuant to section 5-6-103, C.R.S.,
      and the registration of debt-management service providers;
      
           (55)  The following agencies, functions, or both, terminate on
      September 1, 2024:
      
           (j)  The functions pursuant to part 2 of article 14.5 of title
      12, C.R.S., of the administrator designated pursuant to section
      5-6-103, C.R.S., and the registration of debt-management service
      providers.
      
           SECTION 2.  In Colorado Revised Statutes, amend 12-14.5-242
      as follows:
      
           12-14.5-242.  Repeal of part. This part 2 is repealed, effective July
      1, 2015 September 1, 2024. Prior to such repeal, the department of
      regulatory agencies shall review the functions of the administrator
      pursuant to this part 2 and the registration of providers shall be reviewed
      as provided for in section 24-34-104, C.R.S.
      
           SECTION 3.  In Colorado Revised Statutes, 12-14.5-232, amend
      (e) as follows:
      
           12-14.5-232.  Powers of administrator - rules. (e)  The
      administrator, by rule, shall establish reasonable fees to be paid by
      providers for the expense of administering this part 2. The fees may vary
      by the type of debt-management service provided.
      
           SECTION 4.  Applicability. This act applies to conduct occurring
      on or after the effective date of this act.
      
           SECTION 5.  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.
      
      
      
      
      ____________________________  ____________________________
      Bill L. Cadman                Dickey Lee Hullinghorst
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO