CO SB211

Prohibits judgment creditors from initiating or maintaining new extraordinary collection actions (attachment, garnishment, levy, or execution) from the effective date through November 1, 2020, with potential extension to February 1, 2021, to protect Colorado residents experiencing COVID-19 economic hardship.

Requires judgment creditors to provide written notice to debtors at least 10 to 60 days before executing collection actions, with notice in 16-point type explaining the right to temporarily suspend the action if facing financial hardship.

Allows judgment debtors to request temporary suspension of collection actions by notifying the creditor by phone or mail, without requiring documentation, though the suspension does not forgive the debt or prevent interest from accruing.

Exempts up to $4,000 cumulatively in depository accounts from levy and sale under writs of attachment or execution through February 1, 2021, and designates attempts to collect amounts exceeding permitted levels as unfair collection practices.

The extraordinary collection action prohibition and depository account exemption are repealed effective September 1, 2022.