SB 25-016 CO Became Law
Updating Escrow Disbursement Practices
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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)
- Marc Snyder Democratic · primary
- Andrew Boesenecker Democratic · primary
- Ron Weinberg Republican · primary
10 coauthors / cosponsors
- S. Bright Republican · cosponsor
- J. Carson Republican · cosponsor
- J. Coleman Democratic · cosponsor
- C. Kipp Democratic · cosponsor
- J. Marchman Democratic · cosponsor
- D. Michaelson Jenet · cosponsor
- J. Bacon Democratic · cosponsor
- S. Bird · cosponsor
- J. Caldwell Republican · cosponsor
- B. Marshall Democratic · cosponsor
Action history (15)
- Mar 26, 2025 Governor Signed · executive
- Mar 20, 2025 Sent to the Governor · executive
- Mar 20, 2025 Signed by the Speaker of the House · lower
- Mar 20, 2025 Signed by the President of the Senate · upper
- Mar 17, 2025 Senate Considered House Amendments - Result was to Concur - Repass · upper
- Mar 13, 2025 House Third Reading Passed - No Amendments · lower
- Mar 12, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Mar 10, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
- Feb 6, 2025 Introduced In House - Assigned to Finance · lower
- Feb 6, 2025 Senate Third Reading Passed - No Amendments · upper
- Feb 5, 2025 Senate Second Reading Passed with Amendments - Committee, Floor · upper
- Feb 3, 2025 Senate Second Reading Laid Over to 02/05/2025 - No Amendments · upper
- Jan 31, 2025 Senate Second Reading Laid Over Daily - No Amendments · upper
- Jan 28, 2025 Senate Committee on Finance Refer Amended to Senate Committee of the Whole · upper
- Jan 8, 2025 Introduced In Senate - Assigned to Finance · upper
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