Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
8.5 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
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| Bill | Public Trustee Act Foreclosure Procedures | The act modifies the 'Colorado Public Trustee Act' to:Set the salary of the public trustee in counties where the county treasurer serves as the public trustee to a fixed amount of $12,500 annually to be paid monthly from the county general fund as part of the county's standard payroll process. On a quarterly basis, the public trustee is required to reimburse the county general fund for the monthly salaries from the fees collected by the public trustee or from the public trustee special reserve account.Eliminate the requirement that a public trustee make and file a full statement of all transactions of the office of the public trustee to the board of county commissioners under oath;Repeal the requirement that a public trustee appointed by the governor be subject to the state 'Procurement Code' for any purchase of more than $20,000;Repeal the definition of 'certified copy' and references thereto;Define 'nonmaterial misstatement' as a minor or inconsequential error, inaccuracy, or omission that does not significantly affect the understanding, validity, or enforceability of a document;Clarify the date by which the public trustee or sheriff conducting a foreclosure (officer) must mail the combined notice of sale, right to cure, and right to redeem to persons on an amended mailing list;Clarify that a junior lienor is entitled to cure the default if the junior lienor files with the officer;Specify that an unclaimed remaining amount for which a property is sold at a foreclosure sale that is in excess of the bid amount must either be transferred to the state treasurer for disposition in accordance with the 'Revised Uniform Unclaimed Property Act' or held by the county treasurer pursuant to the terms of a county resolution regarding unclaimed funds;Add a requirement regarding redemption that specifies that if a lien is assigned, the holder's rights are valid only if the assignment of the lien is duly recorded at least 15 calendar days prior to the date of sale; andSpecify the conditions under which an omitted party's interest may be terminated.(Note: This summary applies to this bill as enacted.) | us/states/co | Colorado General Assembly | 2026A | HB 1098 | Colorado HB 1098 (2026A) |
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7 | 15 | 7 | 2026-02-03 | 2026-05-04 | openstates | ocd-bill/15aed0af-95b7-4416-badc-adb0513e3857 | https://leg.colorado.gov/bills/HB26-1098 | 3f0228b4832dc35f5168c8999e1834b4a5addf053ef63b82f77d42c6ca6788c7 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Colorado HB 1098 (2026A) — Public Trustee Act Foreclosure Procedures
The act modifies the 'Colorado Public Trustee Act' to:Set the salary of the public trustee in counties where the county treasurer serves as the public trustee to a fixed amount of $12,500 annually to be paid monthly from the county general fund as part of the county's standard payroll process. On a quarterly basis, the public trustee is required to reimburse the county general fund for the monthly salaries from the fees collected by the public trustee or from the public trustee special reserve account.Eliminate the requirement that a public trustee make and file a full statement of all transactions of the office of the public trustee to the board of county commissioners under oath;Repeal the requirement that a public trustee appointed by the governor be subject to the state 'Procurement Code' for any purchase of more than $20,000;Repeal the definition of 'certified copy' and references thereto;Define 'nonmaterial misstatement' as a minor or inconsequential error, inaccuracy, or omission that does not significantly affect the understanding, validity, or enforceability of a document;Clarify the date by which the public trustee or sheriff conducting a foreclosure (officer) must mail the combined notice of sale, right to cure, and right to redeem to persons on an amended mailing list;Clarify that a junior lienor is entitled to cure the default if the junior lienor files with the officer;Specify that an unclaimed remaining amount for which a property is sold at a foreclosure sale that is in excess of the bid amount must either be transferred to the state treasurer for disposition in accordance with the 'Revised Uniform Unclaimed Property Act' or held by the county treasurer pursuant to the terms of a county resolution regarding unclaimed funds;Add a requirement regarding redemption that specifies that if a lien is assigned, the holder's rights are valid only if the assignment of the lien is duly recorded at least 15 calendar days prior to the date of sale; andSpecify the conditions under which an omitted party's interest may be terminated.(Note: This summary applies to this bill as enacted.)
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Introduced (filed) — source
- Engrossed (committee substitute) — source
- Final Act (committee substitute) — source
- Reengrossed (committee substitute) — source
- Rerevised (committee substitute) — source
- Revised (committee substitute) — source
- Signed Act (committee substitute) — source
Votes
- Adopt amendment L.002 — pass (pass) · upper
- Refer House Bill 26-1098, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. — pass (pass) · upper
- CONCUR — pass (pass) · upper
- REPASS — pass (pass) · upper
- Refer House Bill 26-1098, as amended, to the Committee of the Whole. — pass (pass) · lower
- BILL — pass (pass) · lower
- Adopt amendment L.001 (Attachment D) — pass (pass) · lower
Sponsors
- C. Kipp — primary (person)
- L. Frizell — primary (person)
- M. Brooks — primary (person)
- R. Stewart — primary (person)
- B. Marshall — cosponsor (person)
- C. Richardson — cosponsor (person)
- J. Coleman — cosponsor (person)
- J. McCluskie — cosponsor (person)
- M. Carter — cosponsor (person)
- M. Duran — cosponsor (person)
- M. Lindsay — cosponsor (person)
- R. Gonzalez — cosponsor (person)
- W. Lindstedt — cosponsor (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2026-05-04 Governor Signed
executive-signature - 2026-04-23 Sent to the Governor
executive-receipt - 2026-04-22 Signed by the President of the Senate
passage - 2026-04-22 Signed by the Speaker of the House
passage - 2026-04-02 House Considered Senate Amendments - Result was to Concur - Repass
- 2026-03-25 House Considered Senate Amendments - Result was to Laid Over Daily
- 2026-03-24 Senate Third Reading Passed - No Amendments
passage, reading-3 - 2026-03-23 Senate Second Reading Passed with Amendments - Committee, Floor
reading-2 - 2026-03-18 Senate Committee on Local Government & Housing Refer Amended - Consent Calendar to Senate Committee of the Whole
committee-passage - 2026-03-06 Introduced In Senate - Assigned to Local Government & Housing
introduction - 2026-03-02 House Third Reading Passed - No Amendments
passage, reading-3 - 2026-02-27 House Third Reading Laid Over Daily - No Amendments
- 2026-02-26 House Second Reading Special Order - Passed with Amendments - Committee
- 2026-02-24 House Committee on Transportation, Housing & Local Government Refer Amended to House Committee of the Whole
committee-passage, referral-committee - 2026-02-03 Introduced In House - Assigned to Transportation, Housing & Local Government
introduction
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/15aed0af-95b7-4416-badc-adb0513e3857. Confidence: reported (aggregated from official Colorado legislature records).