S.B. 03-15 Hospitals - disclosures to consumers. Makes legislative findings. Requires a hospital or other licensed or certified health facility to disclose to patients, prior to the scheduling of a nonemergency procedure, the average facility charge for frequently performed inpatient procedures. Specifies that the average charge information be made available prior to the patient's admission for such procedure.
APPROVED by Governor April 22, 2003
EFFECTIVE January 1, 2004
S.B. 03-41 Central Information System Act - repeal - appropriation. Repeals the "Central Information System Act", which does the following:
● Creates the central information system board, which is empowered to create and implement the central information system;
● Creates the central information system cash fund;
● Immunizes contractors retained by the department of state and central information system board; and
● Requires the secretary of state to perform the functions of the central filing officer.
Requires revenues collected by the central filing officer to be credited to the department of state cash fund. Requires any unexpended and unencumbered moneys remaining in the central information system cash fund on July 1, 2003, to be transferred to the department of state cash fund.
Allows a collections investigator or a victim of a crime to file a transcript of an order for restitution with the secretary of state instead of filing such transcript with the central indexing system board.
For the fiscal year beginning on July 1, 2003, reduces the appropriation to the department of state from the central information system cash fund upon transfer of the unexpended and unencumbered balance of the central information system cash fund to the department of state cash fund by the unexpended and unencumbered amount of such appropriation, and appropriates such sum to the department out of any moneys in the department of state cash fund not otherwise appropriated.
APPROVED by Governor May 14, 2003
EFFECTIVE July 1, 2003
S.B. 03-340 Charitable solicitations - registration - contracts. Exempts from the "Colorado Charitable Solicitations Act" (act) a person whose only responsibility to a charity is to provide a merchant account to process credit card payments using the internet. Changes from 2 to 1 the number of officers who must:
● Sign a charitable registration; and
● Sign a contract with a professional fund-raising consultant or paid solicitor.
Exempts the following from the registration requirement under the act, by reference to applicable federal statutes and rules:
● A church, an interchurch organization of local units of a church, a convention or association of churches, or an integrated auxiliary of a church;
● An exclusively religious activity of a religious order;
● An organization with gross receipts totaling not more than $5,000 each year;
● A mission society sponsored by or affiliated with one or more churches or church denominations, more than 50% of the activities of which society are conducted in, or directed at, persons in foreign countries;
● An educational organization below college level that has a program of a general academic nature and is affiliated with a church or operated by a religious order.
APPROVED by Governor June 5, 2003
EFFECTIVE June 5, 2003
H.B. 03-1098 Colorado no-call list - wireless telephone service subscribers. Makes the Colorado no-call list available to wireless telephone service subscribers.
APPROVED by Governor March 25, 2003
EFFECTIVE March 25, 2003
H.B. 03-1237 Uniform consumer credit code. Makes the following technical modifications to the "Uniform Consumer Credit Code" (UCCC):
● Clarifies that a creditor is only authorized to charge for and receive the $25 minimum loan finance charge in connection with a consumer credit transaction that is not a deferred deposit loan or a transaction pursuant to a revolving credit account.
● Clarifies that the voluntary relinquishment of a license to make supervised loans, as well as the revocation, suspension, or expiration of a license, does not relieve liability for prior violations.
● Clarifies that the obligation of a licensee to maintain evidence of financial responsibility is continuous through the licensing year rather than limited to an annual basis.
● Clarifies that with respect to real estate secured consumer credit transactions, notice of the effect of paying during the grace period must be given only where the credit transaction is payable in multiple installments.
● Requires that written agreements pursuant to a deferred deposit loan transaction or renewal contain the name, address, and telephone number of any agent or arranger involved in the transaction.
● Clarifies that the charges that must be posted by deferred deposit lenders are the finance charges rather than annual percentage rates.
● Clarifies the definition of "covered loan" for purposes of statutory provisions addressing consumer equity protection.
● In connection with limitations on balloon payments imposed upon covered loans for purposes of statutory provisions addressing consumer equity protection, clarifies that no such loan may contain a provision for a scheduled payment that is more than twice as large as the average of earlier regularly scheduled payments, rather than the average of earlier scheduled monthly payments, which is the requirement imposed under current law.
● In connection with statutory provisions addressing consumer credit insurance, eliminates redundant text in favor of language clarifying that a creditor shall not use a form or charge in connection with credit insurance that does not comply with other statutory provisions that address credit insurance.
● Allows the UCCC administrator to share information with other state and federal regulators with similar enforcement authority if permitted by law and if a confidentiality agreement is in place.
In accordance with federal law, deletes provisions in the "Colorado Credit Services Organization Act" that permit credit repair companies to collect advance fees if they file a surety bond. Removes a reference to a federal regional office that has closed.
APPROVED by Governor May 22, 2003
EFFECTIVE July 1, 2003
H.B. 03-1272 Personal information - social security number - credit card number. Prohibits a person from recording a social security number or credit card number when accepting a check. Exempts checks written to provide payment on a credit card account or student loan and a loan application. Clarifies that a person may ask for a credit card when cashing a check, but may not record more than the type and issuer of the card.
APPROVED by Governor April 22, 2003
EFFECTIVE August 6, 2003
NOTE: This act was passed without a safety clause. For further explanation concerning the effective date, see page vi of this digest.
H.B. 03-1298 Mortgages - unconscionability - enforcement. In order to support a court's finding of unconscionability regarding the terms of a mortgage, specifies that any:
● Overreaching on the part of the mortgage broker or mortgage originator must be in bad faith;
● Inequality of bargaining power must be unreasonable; and
● Contract terms that are unreasonably favorable to the mortgage broker, mortgage originator, or lender must be analyzed pursuant to the standards of the industry.
Prohibits enforcement of claims concerning mortgage unconscionability against public trustees in foreclosure actions and bona fide purchasers.
APPROVED by Governor April 29, 2003
EFFECTIVE August 6, 2003
NOTE: This act was passed without a safety clause. For further explanation concerning the
effective date, see page vi of this digest.
|
||||
|
|
||||
The information on this page is presented as an informational service only and should not be relied upon as an official record of action or legal position of the State of Colorado, the Colorado General Assembly, or the Office of Legislative Legal Services.