B7508B1BD679D209872586E800023B1D Hearing Summary

Representatives Gray
and Gonzales-Gutierrez presented Senate Bill 21-057 to the committee. This
bill adds private lenders, creditors, and collection agencies connected
with student loans to the Colorado Student Loan Servicers Act.

Representative
Gray explained the effect of the bill and discussed its need.  Bo
Pogue, Legislative Council Staff, responded to questions regarding the
routing of the bill to the Appropriations Committee.

Karen Cody-Hopkins, representing herself, testified in support of SB 21-057.

Hayley Banyai-Becker, representing herself, testified in support of the bill.

Morgan Royal, representing New Era Colorado, testified in support of the bill.

Ms. Banyai-Becker responded to questions regarding whether she signed documents associated with her student loans.

Seth Frotman, representing the Student Borrower Protection Center, testified in support of SB 21-057.

No amendments were offered to SB 21-057. The bill's sponsors provided closing remarks in support of the bill. Representatives Snyder and Bradfield provided their positions on the bill. Representative Gray responded to questions regarding consumer protection infrastructure in the state.