CO HB1274

Enacts the "Uniform Consumer Debt Default Judgments Act" establishing requirements for default judgments in consumer debt collection cases involving unsecured debts, secured debts sought as money judgments, or deficiencies after property disposition

Requires complaints or amended complaints to include specific information including consumer names and addresses, creditor name, last four digits of account number, date and amount of last payment, charge-off or default date, outstanding balance, itemized judgment amount, and chain of debt ownership if plaintiff is not original creditor

Mandates that a separate consumer notice warning of potential default judgment must accompany the complaint, informing consumers of their rights including the ability to respond, potential wage garnishment, bank account attachment, property liens and sales, and judgment duration of at least twenty years

Requires plaintiffs to attach evidence demonstrating debt existence (signed agreement, purchase/payment records, or other documentation) and, if not the original creditor, documentation of authority to collect

Takes effect November 1, 2024, subject to referendum petition; applies to actions commenced on or after the effective date