Legislation

HB 1141 allows the regulation of mortgage companies. Mortgage companies take residential loan applications or offer to negotiate the terms of residential mortgage loans. Mortgage companies may be distinct from the lender, referred to in law as mortgage loan originators or mortgage lenders. Current law regulates mortgage loan originators and lenders.

Beginning January 1, 2011, mortgage companies and mortgage loan originators would be required to have a state license and be registered with the nationwide mortgage licensing system and registry (NMLS&R), a national tracking system established by federal law.

SB 10-115 introduces emergency legislation to permit sending unused pharmaceuticals from nursing homes to earthquake victims in Haiti.

SB 10-012 Pinnacol Assurance. Increases the penalty for violating the workers' compensation laws from up to $500 to up to $1,000. Changes the mental state from "willfully" to "knowingly" in the statute that penalizes denying workers'compensation medical benefits, delaying payment of medical benefits for more than 30 days, or stopping payments. Allows the director of the division of workers' compensation or an administrative law judge to apportion the penalties, in whole or part, among the aggrieved party, the
medical services provider, and the workers' compensation cash fund.

SB 10-155 Gift Cards The bill requires an issuer of a gift card to redeem the gift card for cash if the amount remaining is less than $5 on request of the holder. The bill prohibits an issuer of a gift card from charging any fees in connection with the issuance of the card. The bill also makes violation of the limitations regarding gift cards a deceptive trade practice.

HB 10-1061 Colorado Medical Donation Program establishes the Colorado medical donation program for the purpose of allowing certain facilities to donate medications, medical devices, and medical supplies to eligible patients in Colorado. The program is modeled after the "Colorado Cancer Drug Repository Act" established by the general assembly in 2005. The state board of health (state board) is required to administer the program. Under the program, specific health facilities are allowed to donate, receive, and dispense approved medications, medical devices, and medical supplies to patients who are uninsured or underinsured. The bill specifies that participation by facilities is voluntary and that certain medications are exempted from the program. The state board is directed to promulgate rules to implement the program.

SB 10-118 Fingerprinting for Childcare Providers authorizes the Department of Human Services to obtain a fingerprint-based criminal history record check on a person who provides care to a child who is related to him or her if the child's care is funded with moneys from the Colorado Child Care Assistance Program (CCCAP).

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