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February 22, 2024 HB 24-1274
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0585
Rep. Snyder
Date:
Bill Status:
Fiscal Analyst:
February 22, 2024
House Judiciary
Clayton Mayfield | 303-866-5851
clayton.mayfield@coleg.gov
Bill Topic: UNIFORM CONSUMER DEBT DEFAULT JUDGMENTS ACT
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☒ Local Government
☐ Statutory Public Entity
The bill enacts the Uniform Consumer Debt Default Judgments Act. Starting in
FY 2024-25, the bill increases state expenditures on an ongoing basis.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The fiscal note reflects the introduced bill, which was recommended by the Colorado
Commission on Uniform State Laws.
Summary of Legislation
The bill enacts the Uniform Consumer Debt Default Judgements Act, which requires that prior to
entering a motion for default judgment in certain consumer debt collection cases, complaints
must contain certain information and that consumers in the complaint have been given a notice
with required information.
State Expenditures
The bill increases trial court workload in the Judicial Department to update procedures to
comply with the provisions of the bill. This fiscal note assumes that this workload increase is
minimal, and that any additional resources needed will be sought through the annual budget
process.
Local Government
Similar to the state, the bill increases workload in Denver County Court, which is locally funded,
to ensure motions and court procedures comply with the provisions of the bill.
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February 22, 2024 HB 24-1274
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
Departmental Difference
The Judicial Department estimates the bill requires about $797,000 General Fund and 6.3 FTE in
FY 2024-25 and about $727,000 General Fund and 6.3 FTE in FY 2025-26 and ongoing based on
the assumption that the bill will increase judicial officer time spent reviewing complaints related
to default judgment motions by seven minutes per case, which when multiplied by the volume
of such cases (around 37,000 per year), results in the need for additional magistrate and support
staff FTE. This fiscal note assumes that judges currently review complaints in motions for default
judgment and that, once court procedures are updated to reflect the requirements of the bill,
additional time spent reviewing complaints will be minimal and absorbable within current
resources.
State and Local Government Contacts
Judicial Law
Legislative Legal Services Regulatory Agencies
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.