CLICS/CLICS2023A/commsumm.nsf
PUBLIC
BILL SUMMARY For CONSUMER DEBT DEFAULT JUDGMENTS ACT
JOINT COMMITTEE COMMITTEE ON COLORADO COMMISSION ON UNIFORM STATE LAWS
Date Dec 8, 2023
Location HCR 0112
Consumer Debt Default Judgments Act - Public testimony & commission discussion
|
|
|
09:10:36 AM |
David Reid,
General Counsel to the Receivables Management Association International,
a nonprofit trade association with members in all 50 states including Colorado,
representing banks, credit unions, collection agencies, debt buying companies,
and collection law firms. His organization is a strong supporter of this
act and believe in uniformity in laws across all 50 states. His association
did serve in an advisory capacity to the drafting committee and is testifying
today in support of Colorado adopting this act.
|
|
09:13:09 AM |
Jeremiah Barry,
Office of Legislative Legal Services (OLLS), asked drafting questions
regarding specifying local consumer debt agency references in the bill.
After commission discussion it was decided to approve the form in statute
without specific agency references but to include language that the Attorney
General's office would be responsible for identifying and naming the agencies
or individuals that should be included in the form, including stopfraudcolorado.gov.
In answer to other drafting questions, commission consensus was to include
a 90-day referendum/petition clause and to specify September 1, 2024 as
the effective date.
|
