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Legislative Year: 2023 Change

Bill Detail: SB23-248

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Title Attorney General Regulated Consumer Credit Transactions
Status Governor Signed (06/05/2023)
Bill Subjects
  • Financial Services & Commerce
House Sponsors J. Mabrey (D)
R. Weinberg (R)
Senate Sponsors L. Liston (R)
R. Rodriguez (D)
House Committee Finance
Senate Committee Business, Labor and Technology
Date Introduced 03/24/2023

The bill amends the Uniform Consumer Credit (code) by:
  • Updating the renewal dates for entities required to be
licensed under the code from January 31 of each year to
July 1 of each year;
  • Creating the consumer credit unit cash fund, into which all
fees collected under the code on and after July 1, 2024,
must be deposited; and
  • Repealing the uniform consumer credit code cash fund and
the collection agency cash fund and transferring the
balances remaining in the funds to the consumer credit unit
cash fund.
The bill amends language in the Colorado Fair Debt Collection
Practices Act relating to the duty of the code administrator to maintain
confidentiality to align with the code and the Colorado Student Loan
Equity Act.
The bill amends the Colorado Student Loan Equity Act by:
  • Requiring licensed entities to include an annual report upon
application for license renewal;
  • Amending the term private education loan to private
education credit and updating corresponding terms
  • Defining the term refinanced and excluding student loans
subject to refinancing from registration requirements; and
  • Including a cosignor within the definition of borrower.

Committee Reports
with Amendments
Full Text
Full Text of Bill (pdf) (most recent)
Fiscal Notes Fiscal Notes (09/05/2023) (most recent)  
Additional Bill Documents Bill Documents
  • Past bill versions
  • Past fiscal notes
  • Committee activity and documents
  • Bill History
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Votes House and Senate Votes
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