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60BADD9789F62D0987258527005BEF0F Hearing Summary




PUBLIC
BILL SUMMARY For SB20-140

HOUSE COMMITTEE ON TRANSPORTATION & LOCAL GOVERNMENT
Date Mar 10, 2020      
Location LSB A



SB20-140 - Referred to the Committee of the Whole


10:44:17 AM  
Representative Melton, prime sponsor, introduced
Senate Bill 20-140, concerning the types of conditions that may authorize
a person to recover from the bond required as a condition to be licensed
to sell vehicles with motors.  Motor vehicle dealers, sales persons,
buyers, auction dealers, disposers, wholesalers, and used powersports dealers
are required by current law to have bonds to compensate people for fraud
or violation of the law if the violation is designated as recoverable by
the Motor Vehicle Dealer Board.   The bill requires that a violation
be related to fraud in order for a person to recover from a bond.  A
finding in a hearing must be made indicating that the dealer committed
fraud.
10:45:04 AM  
The bill sponsor answered committee questions.
10:46:58 AM  
David Cardella, representing the Colorado Independent Automobile Dealers Association, testified in support of the bill.
10:51:00 AM  
Mike McKinna, representing the Colorado
Independent Automobile Dealers Association, testified on the bill and responded
to questions from the committee.
10:54:57 AM  
Sophia San Miguel, representing herself,
testified on the bill and responded to questions from the committee.

10:58:18 AM  
The bill sponsor made closing remarks.


10:59:02 AM
Motion Refer Senate Bill 20-140 to the Committee of the Whole.
Moved Melton
Seconded Valdez D.
Carver Yes
Catlin Yes
Froelich Yes
Hooton Yes
Humphrey Yes
Melton Yes
Valdez A. Yes
Valdez D. Yes
Wilson Yes
Exum Excused
Gray Yes
Final YES: 10   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS






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