Senators Catlin and Snyder, prime sponsors, introduced and explained Senate Bill 26-054. The bill creates an exception for security deposit maximums if the landlord and tenant are in a post-closing occupancy agreement.

The bill sponsors responded to questions from the committee.

Cooper Thayer, representing themself, testified in support of the bill. Betsy Laughlin, representing themself, testified in support of the bill. Colette King, representing the Colorado Association of REALTORS, testified in support of the bill. Kris Caldwell, representing themself, testified in support of the bill. Georgi Grover, representing themself, testified in support of the bill.

The panelists responded to questions from the committee.

Written testimony submitted to the committee is appended as Attachment A.

The bill sponsors made closing comments.