HB17-1238
Relocate Title 12 Credit Debt Services
Concerning the nonsubstantive relocation of laws related to debt management and collection services from title 12, Colorado Revised Statutes, as part of the organizational recodification of title 12.
Session:
2017 Regular Session
Subject:
Bill Summary
Financial Services & Commerce
Committee on Legal Services. Current law directs the office of legislative legal services to study the organizational recodification of title 12, Colorado Revised Statutes, which relates to professions and occupations. To implement the initial recommendations of the study, the bill relocates the laws related to debt management and collection services from articles 14, 14.1, 14.3, and 14.5 of title 12. Specifically:
- Section 1 of the bill relocates the 'Colorado Fair Debt Collection Practices Act' to a new article 16 in title 5;
- Section 2 of the bill relocates the 'Colorado Child Support Collection Consumer Protection Act' to a new article 17 in title 5;
- Section 3 of the bill relocates the 'Colorado Consumer Credit Reporting Act' to a new article 18 in title 5;
- Section 4 of the bill relocates the 'Colorado Credit Services Organization Act' and the 'Uniform Debt-Management Services Act' to a new article 19 in title 5;
- Sections 5 through 24 of the bill make conforming amendments; and
- Section 25 of the bill repeals articles 14, 14.1, 14.3, and 14.5 of title 12.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)