CLICS/CLICS2023A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB23-1162
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Apr 27, 2023
Location Old Supreme Court
HB23-1162 - Referred to the Committee of the Whole - Consent Calendar
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12:28:48 PM |
Senator Rodriguez
introduced House Bill 23-1162, concerning consumer lending. The bill
permits the Department of Law to make rules regarding consumer legal funding
loan deferral charges. A consumer legal funding loan is an agreement between
a person with a pending legal claim and a company that offers the person
cash assistance in exchange for a percentage of the settlement or award.
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12:29:24 PM |
Mr. Thomas Neville, representing the Colorado Trial Lawyers Association, testified in support of the bill.
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12:34:16 PM |
Eric Schuller, representing the Alliance for Responsible Consumer Legal Funding, testified in support of the bill.
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12:47:32 PM |
Senator Rodriguez made closing comments on the merits of the bill.
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12:49:35 PM
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Motion |
Refer House Bill 23-1162 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. |
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| Moved |
Rodriguez |
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| Seconded |
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Baisley |
Yes |
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Coleman |
Yes |
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Ginal |
Yes |
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Hinrichsen |
Yes |
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Liston |
Yes |
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Sullivan |
Yes |
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Will |
Yes |
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Danielson |
Yes |
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Rodriguez |
Yes |
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Final |
YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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