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h_fin_2016a_2016-02-03t13:33:36z1 Hearing Summary

Date: 02/03/2016



Final

BILL SUMMARY for HB16-1090



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment A). The motion p

Refer House Bill 16-1090, as amended, to the Commi
Pass Without Objection

PASS







01:40 PM -- HB16-1090



Representative McCann introduced House Bill 16-1090. The bill limits the premium that a person may charge for offering assistance in recovering the balance of the purchase price of a foreclosed property after all liens and claims against the property have been satisfied. It also reduces the period during which the public trustee must hold these funds before transferring the funds to the Unclaimed Property Division of the State's Treasurer's Office from five years to two years. Representative McCann also distributed and discussed amendment L.001 (Attachment A).



16HouseFin0203AttachA.pdf16HouseFin0203AttachA.pdf



01:54 PM -- Ms. Debra Johnson, representing the Denver County Public Trustee, came to the table in support of the bill. She discussed how the bill benefits county public trustees and noted the means public trustees utilize to find persons with unclaimed property.



01:58 PM -- Ms. Brita Horn, representing the Routt County Public Trustee and the Public Trustee Association of Colorado, came to the table in support of the bill. She described several examples of county residents dealing with finder's fees.

BILL: HB16-1090
TIME: 02:00:29 PM
MOVED: Court
MOTION: Adopt amendment L.001 (Attachment A). The motion passed without objection.
SECONDED: Becker K.
VOTE
Becker K.
Conti
Garnett
Kagan
Excused
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1090
TIME: 02:01:25 PM
MOVED: Court
MOTION: Refer House Bill 16-1090, as amended, to the Committee of the Whole. The motion passed on a vote of 8-2.
SECONDED: Garnett
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Excused
Pabon
Yes
Priola
No
Roupe
Yes
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS










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