Add Consumer Protections Regulation Mortgage Servicers
| Type | Bill |
|---|---|
| Session | 2021 Regular Session |
| Subjects |
Concerning additional consumer protections resulting from the regulation of mortgage servicers, and, in connection therewith, making an appropriation.
Bill Summary:
The act subjects mortgage servicers to regulation by the assistant attorney general designated by the attorney general as the administrator of the "Uniform Consumer Credit Code". A "mortgage servicer" is a person that is responsible for servicing a Colorado residential mortgage loan. Regulation of mortgage services includes the requirements of notification, record keeping, payment of fees, compliance with applicable federal laws, reporting, examinations, inspections, and enforcement. A violation of the requirements is subject to enforcement by the administrator, which may include an order requiring the payment of refunds to injured consumers, penalties, costs, and attorney fees.
$51,783 is appropriated from the uniform consumer credit code cash fund to the department of law to implement the act and is based on an assumption that the department will require 0.5 FTE to implement the act.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 21-1282 to the Committee of the Whole. | The motion passed on a vote of 4-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.011 (Attachment C) | The motion passed without objection. | Vote summary |
| Adopt amendment L.012 (Attachment D) | The motion passed without objection. | Vote summary |
| Refer House Bill 21-1282, as amended, to the Committee on Appropriations. | The motion passed on a vote of 4-1. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment J.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 21-1282, as amended, to the Committee of the Whole. | The motion passed on a vote of 7-4. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.005 | The motion passed without objection. | Vote summary |
| Adopt amendment L.006 | The motion passed without objection. | Vote summary |
| Adopt amendment L.007 | The motion passed without objection. | Vote summary |
| Refer House Bill 21-1282, as amended, to the Committee on Appropriations. | The motion passed on a vote of 6-5. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Adopt amendment L.002 | The motion passed without objection. | Vote summary |
| Adopt amendment L.004 | The motion passed without objection. | Vote summary |
| Refer House Bill 21-1282, as amended, to the Committee on Finance. | The motion passed on a vote of 8-5. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/08/2021 | Senate Amendments | REPASS |
40
AYE
24
NO
1
OTHER
|
Vote record |
| 06/08/2021 | Senate Amendments | CONCUR |
47
AYE
18
NO
0
OTHER
|
Vote record |
| 05/20/2021 | Third Reading | BILL |
42
AYE
22
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/02/2021 | Third Reading | BILL |
20
AYE
14
NO
1
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 05/25/2021 | L.012 | SEN Finance | Passed [*] | |
| 05/25/2021 | L.011 | SEN Finance | Passed [*] | |
| 05/19/2021 | L.008 | Second Reading | Passed [**] | |
| 05/19/2021 | L.010 | Second Reading | Passed [**] | |
| 05/18/2021 | J.001 | HOU Appropriations | Passed [*] | |
| 05/10/2021 | L.007 | HOU Finance | Passed [*] | |
| 05/10/2021 | L.006 | HOU Finance | Passed [*] | |
| 05/10/2021 | L.005 | HOU Finance | Passed [*] | |
| 04/29/2021 | L.004 | HOU Business Affairs & Labor | Passed [*] | |
| 04/29/2021 | L.002 | HOU Business Affairs & Labor | Passed [*] | |
| 04/29/2021 | L.001 | HOU Business Affairs & Labor | Passed [*] |
| Date | Location | Action |
|---|---|---|
| 07/07/2021 | Governor | Governor Signed |
| 06/24/2021 | Governor | Sent to the Governor |
| 06/24/2021 | House | Signed by the Speaker of the House |
| 06/24/2021 | Senate | Signed by the President of the Senate |
| 06/23/2021 | Senate | House Considered Senate Amendments - Result was to Concur - Repass |
| 06/03/2021 | Senate | House Considered Senate Amendments - Result was to Laid Over Daily |
| 06/02/2021 | Senate | Senate Third Reading Passed - No Amendments |
| 06/01/2021 | Senate | Senate Second Reading Special Order - Passed with Amendments - Committee |
| 06/01/2021 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 05/25/2021 | Senate | Senate Committee on Finance Refer Amended to Appropriations |
| 05/20/2021 | Senate | Introduced In Senate - Assigned to Finance |
| 05/20/2021 | House | House Third Reading Passed - No Amendments |
| 05/19/2021 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 05/18/2021 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 05/10/2021 | House | House Committee on Finance Refer Amended to Appropriations |
| 04/29/2021 | House | House Committee on Business Affairs & Labor Refer Amended to Finance |
| 04/16/2021 | House | Introduced In House - Assigned to Business Affairs & Labor |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 01/01/2022 | 482 | Add Consumer Protections Regul Mortgage Servicers |