BILL SUMMARY for HB09-1109
SENATE COMMITTEE ON BUSINESS, LABOR AND TECHNOLOGY
|Votes: View--> ||Action Taken: |
|Moved prepared Amendment L.003 (Attachment B). Th|
Moved to refer House Bill 09-1109, as amended, to
|Pass Without Objection|
01:48 PM -- House Bill 09-1109
Senator Veiga presented House Bill 09-1109. The bill amends the definition of a "residence in foreclosure" to include a dwelling that is encumbered by a residential mortgage loan that is delinquent or in default. In addition to properties for which a foreclosure action has commenced, a "residence in foreclosure" can include a residence upon which a foreclosure action is authorized under the terms of the loan. Senator Veiga distributed prepared Amendment L.003 (Attachment B). She explained the bill and the amendment.
The following individuals testified:
01:51 PM -- Jan Zavislan, Deputy Attorney General for Consumer Protection, testified in support of the bill. He described the Colorado Foreclosure Protection Act. He discussed investigations that the Attorney General's office has conducted under the act and described the protections that House Bill 09-1109 would extend. He explained prepared Amendment L.003.
01:58 PM -- Sheryle Hutter, representing the Colorado Cross Disability Coalition, testified in support of the bill.
|TIME: || 01:59:59 PM|
|MOTION:||Moved to refer House Bill 09-1109, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a 5-0 roll call vote, with two members excused. |
Final YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS
The committee adjourned.