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SB 25-016 CO
Became Law

Updating Escrow Disbursement Practices

CO · session 2025A · Senate · bill

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Introduced Jan 8, 2025

Latest action (Mar 26, 2025) Introduced In Senate - Assigned to Finance

Summary

The act modifies the types of funds that are available for immediate withdrawal as a matter of right in real estate transactions by: 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.)

Sponsors (3)

10 coauthors / cosponsors

Action history (15)

  1. Mar 26, 2025 Governor Signed · executive
  2. Mar 20, 2025 Sent to the Governor · executive
  3. Mar 20, 2025 Signed by the Speaker of the House · lower
  4. Mar 20, 2025 Signed by the President of the Senate · upper
  5. Mar 17, 2025 Senate Considered House Amendments - Result was to Concur - Repass · upper
  6. Mar 13, 2025 House Third Reading Passed - No Amendments · lower
  7. Mar 12, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
  8. Mar 10, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
  9. Feb 6, 2025 Introduced In House - Assigned to Finance · lower
  10. Feb 6, 2025 Senate Third Reading Passed - No Amendments · upper
  11. Feb 5, 2025 Senate Second Reading Passed with Amendments - Committee, Floor · upper
  12. Feb 3, 2025 Senate Second Reading Laid Over to 02/05/2025 - No Amendments · upper
  13. Jan 31, 2025 Senate Second Reading Laid Over Daily - No Amendments · upper
  14. Jan 28, 2025 Senate Committee on Finance Refer Amended to Senate Committee of the Whole · upper
  15. Jan 8, 2025 Introduced In Senate - Assigned to Finance · upper

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