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DA6D60F1B1AC260187258C49006D95A9 Hearing Summary




PUBLIC
BILL SUMMARY For SB25-016

HOUSE COMMITTEE ON FINANCE
Date Mar 10, 2025      
Location HCR 0112



SB25-016 - Amended, referred to the Committee of the Whole
01:57:01 PM  
Representatives Boesenecker
and Weinberg, co-prime sponsors, presented Senate Bill 25-016. The bill
modifies the types of funds that are available for immediate withdrawal
in real estate transactions.  The sponsors distributed and explained
amendment L.005 (Attachment C).
02:03:12 PM  
Mr. Brian Phillips, representing Land Title Association of Colorado, testified in support of the bill. Alison Morgan, representing the Colorado Bankers Association, testified in support of the bill.


02:07:44 PM
 Motion Adopt amendment L.005 (Attachment C).
Moved Weinberg
Seconded Gonzalez R.
Brooks
Camacho
DeGraaf
Garcia
Gonzalez R.
Hartsook
Joseph
Marshall
Stewart R.
Weinberg
Zokaie
Titone
Lindstedt
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
02:08:00 PM  
The bill sponsors made closing remarks.


02:10:00 PM
 Motion Refer Senate Bill 25-016, as amended, to the Committee of the Whole.
Moved Weinberg
Seconded Gonzalez R.
Brooks Yes
Camacho Yes
DeGraaf Yes
Garcia Yes
Gonzalez R. Yes
Hartsook Yes
Joseph Yes
Marshall Yes
Stewart R. Yes
Weinberg Yes
Zokaie Yes
Titone Yes
Lindstedt Yes
Final YES: 13   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS