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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For SB18-210

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Mar 28, 2018       Location SCR 354

SB18-210 - Referred to Senate Finance
02:07:37 PM  
Senator Tate introduced Senate Bill 18-210, concerning regulation of appraisal management companies.  The bill modifies the definition of appraisal management company to comport with federal law and requires the Board of Real Estate Appraisers to collect a new federal fee on certain appraisers.
02:09:30 PM  
Jayne Bail, Colorado Association of Mortgage Professionals, spoke in favor of the bill. She provided a handout to the committee (Attachment A).
02:11:00 PM  
Jenifer Waller, Colorado Bankers Association, spoke in favor of the bill.
02:11:35 PM  
Terry Jones, Colorado Mortgage Lenders Association, spoke in favor of the bill. He responded to questions from the committee.
02:15:29 PM  
Ms. Waller responded to questions from the committee.
02:16:04 PM  
Lee Ormiston, Colorado Coalition of Appraisers, spoke in favor of the bill. He responded to questions from the committee.
02:22:48 PM  
Marcia Waters, Division of Real Estate in the Department of Regulatory Agencies, responded to questions from the committee.

02:25:42 PM
 Motion Refer Senate Bill 18-210 to the Committee on Finance.
Moved Tate
Seconded
Jahn Yes
Kerr Yes
Priola Excused
Smallwood Yes
Williams A. Yes
Neville T. Yes
Tate Yes
Final YES: 6   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS