---
type: "Bill"
title: "Financial Institution Agent Analyses Not Real Estate Appraisal"
description: "Current law exempts from the definition of a \"real estate appraisal\" certain analyses prepared by an officer, director, or regularly salaried employee of a financial institution or its affiliate when the analyses are used for internal purposes only. Federal law also exempts such analyses when they are prepared by an agent of a financial institution or its affiliate. The act adds these agents to the list of people who can make these exempt analyses."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2020A"
identifier: "SB 20-047"
citation: "Colorado SB 20-047 (2020A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Angela Williams", "Jack Tate", "Kevin Van Winkle", "Tracy Kraft-Tharp"]
version_count: 8
action_count: 13
vote_count: 2
first_action: "2020-01-08T07:00:00+00:00"
last_action: "2020-03-11T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/b92100d4-30d5-4ae3-a25d-d1bead0b23dc"
source_url: "http://leg.colorado.gov/bills/sb20-047"
source_hash: "cf2ad1762246bcea9135c6bb29b1fccdb54390a015669e2bd1ed4f5cd056dd1c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---

# Colorado SB 20-047 (2020A) — Financial Institution Agent Analyses Not Real Estate Appraisal

Current law exempts from the definition of a "real estate appraisal" certain analyses prepared by an officer, director, or regularly salaried employee of a financial institution or its affiliate when the analyses are used for internal purposes only. Federal law also exempts such analyses when they are prepared by an agent of a financial institution or its affiliate. The act adds these agents to the list of people who can make these exempt analyses.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Committee Amendment** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2020a_sb047_h_bus_001.pdf)
2. **Engrossed (01/30/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_eng.pdf)
3. **Final Act (03/04/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_enr.pdf)
4. **Introduced (01/08/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_01.pdf)
5. **Reengrossed (01/31/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_ren.pdf)
6. **Rerevised (02/27/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_rer.pdf)
7. **Revised (02/25/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/documents/2020A/bills/2020a_047_rev.pdf)
8. **Signed Act (03/11/2020)** (committee substitute) — [source](http://leg.colorado.gov/sites/default/files/2020a_047_signed.pdf)

## Votes

- BILL — **64–0** (pass) · lower
- BILL — **32–0** (pass) · upper

## Sponsors

- Angela Williams — primary (person)
- Jack Tate — primary (person)
- Kevin Van Winkle — primary (person)
- Tracy Kraft-Tharp — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-03-11T06:00:00+00:00** Governor Signed `executive-signature`
- **2020-03-04T07:00:00+00:00** Sent to the Governor `executive-receipt`
- **2020-03-04T07:00:00+00:00** Signed by the Speaker of the House
- **2020-03-03T07:00:00+00:00** Signed by the President of the Senate
- **2020-02-27T07:00:00+00:00** House Third Reading Passed - No Amendments `reading-3, passage`
- **2020-02-26T07:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2020-02-25T07:00:00+00:00** House Second Reading Passed - No Amendments `reading-2`
- **2020-02-19T07:00:00+00:00** House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2020-02-04T07:00:00+00:00** Introduced In House - Assigned to Business Affairs & Labor `introduction`
- **2020-01-31T07:00:00+00:00** Senate Third Reading Passed - No Amendments `reading-3, passage`
- **2020-01-30T07:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
- **2020-01-27T07:00:00+00:00** Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
- **2020-01-08T07:00:00+00:00** Introduced In Senate - Assigned to Business, Labor, & Technology `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b92100d4-30d5-4ae3-a25d-d1bead0b23dc`. Confidence: reported (aggregated from official Colorado legislature records).