---
type: "Bill"
title: "Guaranteed Asset Protection Agreements"
description: "The act establishes requirements regarding guaranteed asset protection agreements (GAP agreement). A GAP agreement relieves a consumer of liability for all or part of the deficiency balance remaining after the payment of all insurance proceeds upon the total loss of the consumer's motor vehicle."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2023A"
identifier: "HB 23-1181"
citation: "Colorado HB 23-1181 (2023A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kyle Mullica", "Nick Hinrichsen", "Tisha Mauro"]
version_count: 10
action_count: 16
vote_count: 4
first_action: "2023-02-08T07:00:00+00:00"
last_action: "2023-06-07T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/5a1cb0e7-026e-4140-97c1-ce494b20cff9"
source_url: "https://leg.colorado.gov/bills/hb23-1181"
source_hash: "171ad3c4c64380bc6ae5a560f5e3f9f4649bda53469bf95831ccdc7999f40d09"
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 HB 23-1181 (2023A) — Guaranteed Asset Protection Agreements

The act establishes requirements regarding guaranteed asset protection agreements (GAP agreement). A GAP agreement relieves a consumer of liability for all or part of the deficiency balance remaining after the payment of all insurance proceeds upon the total loss of the consumer's motor vehicle.

## Version chain

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

1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_hb1181_s_blt_001.pdf)
2. **Engrossed (03/22/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_eng.pdf)
3. **Final Act (05/22/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_enr.pdf)
4. **Introduced (02/08/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_01.pdf)
5. **PA1 (03/16/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_h_bus_01.pdf)
6. **PA2 (04/27/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_s_blt_01.pdf)
7. **Reengrossed (03/23/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_ren.pdf)
8. **Rerevised (05/01/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_rer.pdf)
9. **Revised (04/28/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2023A/bills/2023a_1181_rev.pdf)
10. **Signed Act (06/07/2023)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2023a_1181_signed.pdf)

## Votes

- CONCUR — **49–15** (pass) · lower
- BILL — **26–9** (pass) · upper
- BILL — **50–14** (pass) · lower
- REPASS — **49–15** (pass) · lower

## Sponsors

- Kyle Mullica — primary (person)
- Nick Hinrichsen — primary (person)
- Tisha Mauro — primary (person)

## Timeline

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

- **2023-06-07T06:00:00+00:00** Governor Signed `executive-signature`
- **2023-05-22T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2023-05-22T06:00:00+00:00** Signed by the President of the Senate
- **2023-05-22T06:00:00+00:00** Signed by the Speaker of the House
- **2023-05-07T06:00:00+00:00** House Considered Senate Amendments - Result was to Concur - Repass
- **2023-05-02T06:00:00+00:00** House Considered Senate Amendments - Result was to Laid Over Daily
- **2023-05-01T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2023-04-28T06:00:00+00:00** Senate Second Reading Special Order - Passed with Amendments - Committee, Floor
- **2023-04-27T06:00:00+00:00** Senate Committee on Business, Labor, & Technology Refer Amended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2023-04-13T06:00:00+00:00** Senate Committee on Business, Labor, & Technology Witness Testimony and/or Committee Discussion Only
- **2023-03-27T06:00:00+00:00** Introduced In Senate - Assigned to Business, Labor, & Technology `introduction`
- **2023-03-23T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2023-03-22T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee, Floor
- **2023-03-20T06:00:00+00:00** House Second Reading Laid Over Daily - No Amendments
- **2023-03-15T06:00:00+00:00** House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole `committee-passage, referral-committee`
- **2023-02-08T07:00:00+00:00** Introduced In House - Assigned to Business Affairs & Labor `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/5a1cb0e7-026e-4140-97c1-ce494b20cff9`. Confidence: reported (aggregated from official Colorado legislature records).