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3834A3D9351B55B5872586BE006BC670 Hearing Summary




PUBLIC
BILL SUMMARY For SB21-057

SENATE COMMITTEE ON FINANCE
Date Apr 21, 2021      
Location Old Supreme Court



SB21-057 - Amended, referred to Senate Appropriations

01:37:17 PM  
Sens. Winter and
Gonzales introduced Senate Bill 21-057. The bill expands the Colorado Student
Loan Servicers Act to include requirements for private lenders, creditors,
and collection agencies related to higher education loans. It also increases
protections for borrowers and cosigners.  The sponsors answered several
committee questions
.
01:37:18 PM  
All written testimony
recieved by the committee may be found in Attachment A.
01:40:31 PM  
Ms. Morgan Royal, representing New Era Colorado, testified in support of the bill.
01:53:50 PM  
Ms. Karen Cody-Hopkins, representing herself, testified in support of the bill.
01:58:17 PM  
Ms. Kelly Schwandt, representing Atlantis Community, Inc., testified in support of the bill.
02:03:36 PM  
Mr. Ben Vinci, representing himself, testified in opposition to the bill.
02:07:37 PM  
Ms. Arianne Gronowski, representing herself, testified in opposition to the bill.
02:10:36 PM  
Ms. Yosy Janson, representing the Colorado Creditor Bar Association, testified in opposition to the bill.
02:16:10 PM  
Mr. Heath Morgan, representing himself, testified in opposition to the bill.
02:24:10 PM  
Ms. Deborah Wilson, representing the Colorado Creditor Bar Association, testified in opposition to the bill.
02:26:18 PM  
Mr. Austin Elsey, representing FMS Bank, testified in opposition to the bill.
02:30:05 PM  
Mr. Chad Echols, representing several debt collectors in Colorado, testified in opposition to the bill.
02:36:19 PM  
Ms. Makyla Moody, representing the Colorado Creditors Bar Association, testified to amend the bill.
02:37:10 PM  
Mr. Scott Allely,
representing the Associated Collections Agencies of Colorado, testified
to amend the bill.
02:40:50 PM  
Ms. Vicki Lammers, representing the Associated Collections Agencies of Colorado, testified to amend the bill.
02:44:09 PM  
Mr. Richard Gonzales,
representing Colorado Mountain College, answered committee questions.
02:47:11 PM  
Mr. Matthew Gianneschi, representing Colorado Mountain College, testified to amend the bill.
02:47:49 PM  
Mr. Javier Alvarado Vega, representing himself, testified in support of the bill.
02:51:56 PM  
Ms. Laura Valle-Gutierrez, representing Bell Policy Center, testified in support of the bill.
02:55:43 PM  
Ms. Nat Landin, representing herself, testified in support of the bill.
02:59:18 PM  
Ms. Noelle Trueheart, representing herself, testified in support of the bill.
03:04:11 PM  
Ms. Allison Conwell, representing CoPIRG (Colorado Public Interest Research Group), testified in support of the bill.
03:07:02 PM  
Ms. Martha Fulford, representing the Colorado Department of Law, was available to answer committee questions.
03:09:22 PM  
Mr. Seth Frotman,
representing Student Borrower Protection Center, testified in support of
the bill.  Ms. Bonnie Latreille, representing Student Borrower Protection
Center, appeared for questions only.
03:11:35 PM  
Mr. Matthew Ruman, representing himself, testified against the bill.


03:32:49 PM
Motion Adopt amendment L.002 (Attachment B)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:33:21 PM
Motion Adopt amendment L.003 (Attachment C)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:33:45 PM
Motion Adopt amendment L.004 (Attachment D)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:34:01 PM
Motion Adopt amendment L.006 (Attachment E)
Moved Bridges
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:34:18 PM
Motion Adopt amendment L.012 (Attachment F)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:34:35 PM
Motion Adopt amendment L.014 (Attachment G)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:34:51 PM
Motion Adopt amendment L.015 (Attachment H)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:35:07 PM
Motion Adopt amendment L.016 (Attachment I)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:35:23 PM
Motion Adopt amendment L.017 (Attachment J)
Moved Winter
Seconded
Hisey
Lee
Lundeen
Scott
Winter
Bridges
Pettersen
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


03:44:16 PM
Motion Refer Senate Bill 21-057, as amended, to the Committee on Appropriations.
Moved Winter
Seconded
Hisey No
Lee Yes
Lundeen No
Scott No
Winter Yes
Bridges Yes
Pettersen Yes
Final YES: 4   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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