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s_sa_2017a_2017-05-08t15:33:19z2 Hearing Summary

Date: 05/08/2017

Location: SCR 352

Final

BILL SUMMARY for HB17-1352



SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS


Votes: View--> Action Taken:
Postpone House Bill 17-1352 indefinitely using a r

Refer House Bill 17-1352 to the Committee on Appro
PASS

FAIL







03:53 PM -- HB17-1352



Senator Moreno, sponsor, presented House Bill 17-1352 to the committee. This reengrossed bill requires that entities that contract with the federal government to service student education loans obtain a supervised vendor license from the administrator of the Uniform Consumer Credit Code in the Department of Law (DOL). The bill identifies exempt entities, such as loan originators and lenders who are already licensed under current law. The DOL must adopt rules for the new license requirement and begin licensing entities no later than September 1, 2018.



03:55 PM --
Bill Munn, representing Nelnet, testified against the bill and responded to committee member questions.



04:02 PM --
Charlotte Olena, representing New Era Colorado, testified in support of the bill.



04:06 PM --
Ryan Case, representing the American Federation of Teachers Colorado, testified in support of the bill.





04:10 PM



Senator Moreno wrapped up his presentation of the bill.

BILL: HB17-1352
TIME: 04:11:57 PM
MOVED: Fenberg
MOTION: Refer House Bill 17-1352 to the Committee on Appropriations. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Aguilar
Yes
Cooke
No
Fenberg
Yes
Sonnenberg
No
Marble
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL: HB17-1352
TIME: 04:14:04 PM
MOVED: Sonnenberg
MOTION: Postpone House Bill 17-1352 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Aguilar
No
Cooke
Yes
Fenberg
No
Sonnenberg
Yes
Marble
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS














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