Exempt New Energy Requirement If Not Subordinate Lien
| Type | Bill |
|---|---|
| Session | 2017 Regular Session |
| Subjects |
Concerning an exemption from otherwise applicable requirements for financing from the Colorado new energy improvement district if a residential property owner is not seeking to subordinate the priority of existing mortgages.
Bill Summary:
Current law authorizes a homeowner to finance certain energy efficiency improvements to the home through a loan pursuant to the property assessed clean energy (PACE) program. The program requires an applicant to file a title commitment on the home and a hearing must be held in order to seek a voluntary subordination of existing liens to the program's junior lien.
The bill exempts a homeowner from the title commitment and hearing requirements if the owner or lender is not seeking to subordinate the priority of existing liens.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 05/04/2017 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 05/02/2017 | FN1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 17-1363 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 (Attachment C). | The motion passed without objection. | Vote summary |
| Refer House Bill 17-1363, as amended, to the Committee of the Whole. | The motion passed on a vote of 13-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/10/2017 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/08/2017 | Third Reading | BILL |
60
AYE
5
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/05/2017 | Governor | Governor Signed |
| 05/22/2017 | Governor | Sent to the Governor |
| 05/19/2017 | House | Signed by the Speaker of the House |
| 05/19/2017 | Senate | Signed by the President of the Senate |
| 05/10/2017 | Senate | Senate Third Reading Passed - No Amendments |
| 05/09/2017 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/08/2017 | Senate | Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 05/08/2017 | Senate | Introduced In Senate - Assigned to Finance |
| 05/08/2017 | House | House Third Reading Passed - No Amendments |
| 05/05/2017 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 05/03/2017 | House | House Committee on Transportation & Energy Refer Amended to House Committee of the Whole |
| 04/26/2017 | House | Introduced In House - Assigned to Transportation & Energy |
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/09/2017 | 357 | Exempt New Energy Rqmnt If Not Subordinate Lien |