Consumer Legal Funding Transactions
Summary
The act authorizes the administrator of the "Uniform Consumer Credit Code" to adopt rules regarding deferral charges for certain consumer credit transactions that are secured by the consumer's potential proceeds from a settlement or judgment obtained in the consumer's associated legal claim. APPROVED by Governor June 1, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)
Bill status
signed
all 5 stages cleared
Introduction
Feb 2023
Committee Review
Apr 2023
House Passage
Apr 2023
Senate Passage
May 2023
Signed into Law
Jun 2023
Introduced Feb 1, 2023
Signed Jun 1, 2023
Floor votes · Senate May 1, 2023 · House Apr 18, 2023
How they voted
21–12
Passed · 1 other
Total votes 34
May 1, 2023
D
Democratic22
95% Yea
R
Republican12
100% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
4
Jun 1, 2023
Signed into law
Governor Signed
May 1, 2023
Senate · Passed
Senate Third Reading Passed - No Amendments
Apr 27, 2023
Senate · Reported by committee
Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole
Apr 19, 2023
Senate · Introduced
Introduced In Senate - Assigned to Business, Labor, & Technology
Apr 18, 2023
House · Passed
House Third Reading Passed - No Amendments
Apr 10, 2023
House · Reported by committee
House Committee on Finance Refer Amended to House Committee of the Whole
Mar 2, 2023
House · Reported by committee
House Committee on Finance Witness Testimony and/or Committee Discussion Only
Feb 16, 2023
House · Referred to committee
House Committee on Business Affairs & Labor Refer Amended to Finance
Feb 1, 2023
House · Introduced
Introduced In House - Assigned to Business Affairs & Labor
2 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 23-1162
Scope: CO
Hi! I can help you understand HB 23-1162. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline