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Committee postpones auto‑loan protections bill after sponsor seeks more work
Summary
Sponsors of House Bill 12-61 asked to lay the bill over so they could refine provisions that would extend notice periods, ban remote disablement of vehicles and establish a right to cure after repossession; the committee postponed the bill indefinitely at the sponsor's request.
Representative Brent Mabry told the Business Affairs and Labor Committee HB 12-61 aimed to give working Coloradans more time to catch up on auto payments, prohibit remote vehicle‑disabling 'kill switches' and create a post‑repossession right to cure. He cited rising auto‑loan delinquencies and said the bill was not ready to pass this year but urged continued work over the interim.
A motion to postpone the bill indefinitely was made and seconded at the sponsor's request; the committee registered no objection and recorded the postponement. No formal policy vote on the bill’s substance occurred during the hearing.
The sponsor said he intends to return with a strengthened proposal next session that would extend notice periods, bar certain repossession tools and protect consumers who risk losing transportation needed for work and housing.
