HB 23-1162 Colorado House · 2023 Regular Session

Consumer Legal Funding Transactions

Summary

The act authorizes the administrator of the "Uniform Consumer Credit Code" to adopt rules regarding deferral charges for certain consumer credit transactions that are secured by the consumer's potential proceeds from a settlement or judgment obtained in the consumer's associated legal claim. APPROVED by Governor June 1, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Bill status signed all 5 stages cleared

Introduction

Feb 2023

Committee Review

Apr 2023

House Passage

Apr 2023

Senate Passage

May 2023

Signed into Law

Jun 2023

Introduced Feb 1, 2023 Signed Jun 1, 2023

Floor votes · House Apr 18, 2023

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 1, 2023

Signed into law

Governor Signed

executive

May 1, 2023

Upper · Passed

Senate Third Reading Passed - No Amendments

upper

Apr 27, 2023

Upper · Passed

Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole

upper

Apr 19, 2023

Introduced

Introduced In Senate - Assigned to Business, Labor, & Technology

upper

Apr 18, 2023

Lower · Passed

House Third Reading Passed - No Amendments

lower

Apr 10, 2023

Lower · Passed

House Committee on Finance Refer Amended to House Committee of the Whole

lower

Mar 2, 2023

Lower · Passed

House Committee on Finance Witness Testimony and/or Committee Discussion Only

lower

Feb 16, 2023

Committee

House Committee on Business Affairs & Labor Refer Amended to Finance

lower

Feb 1, 2023

Introduced

Introduced In House - Assigned to Business Affairs & Labor

lower

2 primary · 0 co-sponsors