SB 19-002

  • Colorado Senate Bill
  • 2019 Regular Session
  • Introduced in Senate Mar 26, 2019
  • Passed Senate Mar 22, 2019
  • Passed House Apr 24, 2019
  • Signed by Governor May 13, 2019

Regulate Student Education Loan Servicers

Abstract

Student loan servicers - license requirement - regulation by assistant attorney general - appropriation. The act requires an entity that services a student education loan owned by a Colorado resident to be licensed by the administrator of the "Uniform Consumer Credit Code". "Servicing" means receiving a scheduled periodic payment from a student loan borrower, applying the payments of principal and interest with respect to the amounts received from a student loan borrower, and similar administrative services. The act specifies particular acts that are required of or prohibited by student loan servicers and the administrator's powers and duties. Violation of the licensing law is a deceptive trade practice. The act also creates a student loan ombudsperson to provide timely assistance to student loan borrowers. $115,273 is appropriated to the department of law from the general fund to implement the act. (Note: This summary applies to this bill as enacted.) Read More

Bill Sponsors (4)

Votes


Actions


May 13, 2019

Office of the Governor

Governor Signed

May 07, 2019

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

May 01, 2019

Senate

Senate Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

Apr 30, 2019

House

House Consideration of First Conference Committee Report result was to Adopt Committee Report - Repass

Colorado General Assembly

First Conference Committee Result was to Adopt Rerevised w/ Amendments

Apr 26, 2019

Senate

Senate Considered House Amendments - Result was to Not Concur - Request Conference Committee

Apr 25, 2019

Senate

Senate Considered House Amendments - Result was to Laid Over Daily

Apr 24, 2019

House

House Third Reading Passed - No Amendments

Apr 23, 2019

House

House Second Reading Special Order - Passed with Amendments - Committee

House

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

  • Referral-Committee
  • Committee-Passage
Appropriations House Committee of the Whole

Apr 17, 2019

House

House Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Finance Appropriations

Apr 11, 2019

House

House Committee on Education Refer Unamended to Finance

  • Referral-Committee
Finance Education

Mar 26, 2019

House

Introduced In House - Assigned to Education

  • Introduction
Education

Mar 22, 2019

Senate

Senate Third Reading Passed - No Amendments

Mar 21, 2019

Senate

Senate Second Reading Passed with Amendments - Committee, Floor

Mar 19, 2019

Senate

Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  • Referral-Committee
  • Committee-Passage
Appropriations Senate Committee of the Whole

Feb 26, 2019

Senate

Senate Committee on Finance Refer Amended to Appropriations

  • Referral-Committee
Finance Appropriations

Feb 07, 2019

Senate

Senate Committee on Education Refer Amended to Finance

  • Referral-Committee
Education Finance

Jan 04, 2019

Senate

Introduced In Senate - Assigned to Education

  • Introduction
Education

Bill Text

Bill Text Versions Format
Committee Amendment PDF
PA1 (02/08/2019) PDF
PA2 (02/27/2019) PDF
PA3 (03/19/2019) PDF
PA4 (04/18/2019) PDF
PA5 (04/23/2019) PDF
Introduced (01/04/2019) PDF
Engrossed (03/21/2019) PDF
Reengrossed (03/22/2019) PDF
Revised (04/23/2019) PDF
Rerevised (04/24/2019) PDF
Final Act (05/07/2019) PDF
Signed Act (05/13/2019) PDF

Related Documents

Document Format
Fiscal Note SA1 (03/18/2019) PDF
Fiscal Note SA2 (04/22/2019) PDF
Fiscal Note FN1 (02/06/2019) PDF
Fiscal Note FN2 (02/25/2019) PDF
Fiscal Note FN3 (08/29/2019) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.