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280EEC705D91000087258A7F0058DBF1 Hearing Summary




PUBLIC
BILL SUMMARY For CONSUMER DEBT DEFAULT JUDGMENTS ACT

JOINT COMMITTEE COMMITTEE ON COLORADO COMMISSION ON UNIFORM STATE LAWS
Date Dec 8, 2023      
Location HCR 0112



Consumer Debt Default Judgments Act - Public testimony & commission discussion
09:10:36 AM  
David Reid,
General Counsel to the Receivables Management Association International,
a nonprofit trade association with members in all 50 states including Colorado,
representing banks, credit unions, collection agencies, debt buying companies,
and collection law firms. His organization is a strong supporter of this
act and believe in uniformity in laws across all 50 states. His association
did serve in an advisory capacity to the drafting committee and is testifying
today in support of Colorado adopting this act.
09:13:09 AM  
Jeremiah Barry,
Office of Legislative Legal Services (OLLS), asked drafting questions
regarding specifying local consumer debt agency references in the bill.
After commission discussion it was decided to approve the form in statute
without specific agency references but to include language that the Attorney
General's office would be responsible for identifying and naming the agencies
or individuals that should be included in the form, including stopfraudcolorado.gov.
In answer to other drafting questions, commission consensus was to include
a 90-day referendum/petition clause and to specify September 1, 2024 as
the effective date.






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The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details