HB 25-1201 CO

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Became Law

The act repeals the current "Money Transmitters Act" and replaces it with the model "Money Transmission Modernization Act" (MTMA). The act adopts the MTMA in part. The act updates outdated or inconsistent regulations relating to money transmitters and money transmission services, including: Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control; Enabling Colorado's participation in multistate licensing initiatives; Codifying the agent-to-payee exemption to licensure; Revising prudential standards required for licensing and ongoing monitoring, such as tangible net worth and permissible investment calculations; Establishing an irrevocable, standby letter of credit as a permissible investment; and Expanding the enforcement actions available in case of nonperformance by a money transmitter.(Note: This summary applies to this bill as enacted.)

• Bob Marshall Democratic · primary
• Nick Hinrichsen Democratic · primary
• Larry Liston Republican · primary

1. Apr 18, 2025 Governor Signed · executive
2. Apr 8, 2025 Sent to the Governor · executive
3. Apr 8, 2025 Signed by the President of the Senate · upper
4. Apr 7, 2025 Signed by the Speaker of the House · lower
5. Mar 24, 2025 Senate Third Reading Passed - No Amendments · upper
6. Mar 21, 2025 Senate Second Reading Passed - No Amendments · upper
7. Mar 18, 2025 Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
8. Mar 12, 2025 Introduced In Senate - Assigned to Finance · upper
9. Mar 7, 2025 House Third Reading Passed - No Amendments · lower
10. Mar 6, 2025 House Third Reading Laid Over Daily - No Amendments · lower
11. Mar 5, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
12. Mar 3, 2025 House Committee on Finance Refer Amended to House Committee of the Whole · lower
13. Feb 10, 2025 Introduced In House - Assigned to Finance · lower