ColoradoUpdating Escrow Disbursement Practices
What it does
The act modifies the types of funds that are available for immediate withdrawal as a matter of right in real estate transactions by:
More detail
Limiting wire transfer funds to only those funds that are wired through a funds-transfer system operated by the federal reserve or the Clearing House Payments Company; and Adding a real-time or an instant payment made through a funds-transfer service operated by the federal reserve or the Clearing House Payments Company's real-time payments system.(Note: This summary applies to this bill as enacted.)
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Where it stands
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Mar 26Governor Jared Polis SignedBecame Law
- Mar 20Signed by the President of the Senate
- Mar 20Signed by the Speaker of the House
- Mar 20Sent to the GovernorTo Governor
- Mar 17Senate Considered House Amendments - Result was to Concur - Repass
- Vote recorded CONCUR. Result: pass.Upper
- Vote recorded REPASS. Result: pass.Upper
- Mar 13House Third Reading Passed - No AmendmentsPassed House
- Vote recorded BILL. Result: pass.Lower
- Mar 12House Second Reading Special Order - Passed with Amendments - Committee
- Mar 10House Committee on Finance Refer Amended to House Committee of the WholeMinor
- Feb 6Senate Third Reading Passed - No AmendmentsPassed Senate
- Vote recorded BILL. Result: pass.Upper
- Feb 6Introduced In House - Assigned to FinanceMinor
- Feb 5Senate Second Reading Passed with Amendments - Committee, FloorMinor
- Feb 3Senate Second Reading Laid Over to 02/05/2025 - No Amendments
- Jan 31Senate Second Reading Laid Over Daily - No Amendments
- Jan 28Senate Committee on Finance Refer Amended to Senate Committee of the WholeMinor
- Jan 8Introduced In Senate - Assigned to FinanceIntroduced