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CO HB1214

Bill

Status

Passed

6/24/2020

Primary Sponsor

Marc Snyder

Click for details

Origin

House of Representatives

2020 Regular Session

AI Summary

  • Extends the repeal date of statutes governing home warranty service contracts from July 1, 2020 to September 1, 2026.

  • Adds home warranty service contract regulations to the list of agencies and functions scheduled for legislative review and repeal under section 24-34-104.

  • Clarifies that lending institutions cannot require purchase of a "home warranty service contract" as a condition for granting home financing, changing the terminology from "home warranty insurance."

  • Implements recommendations from the 2019 sunset report by the Department of Regulatory Agencies.

  • Declares the act necessary for immediate preservation of public peace, health, or safety.

Legislative Description

Sunset Home Warranty Service Contracts

Business & Economic Development

Last Action

Governor Signed

6/24/2020

Committee Referrals

Business, Labor, & Technology3/5/2020
Business Affairs and Labor1/30/2020

Full Bill Text

No bill text available