HB17-1363 - Exempt New Energy Requirement If Not Subordinate Lien

Passed/Signed into Law
Concerning an exemption from otherwise applicable requirements for financing from the Colorado new energy improvement district if a residential property owner is not seeking to subordinate the priority of existing mortgages.

Current law authorizes a homeowner to finance certain energy efficiency improvements to the home through a loan pursuant to the property assessed clean energy (PACE) program. The program requires an applicant to file a title commitment on the home and a hearing must be held in order to seek a voluntary subordination of existing liens to the program's junior lien.

The bill exempts a homeowner from the title commitment and hearing requirements if the owner or lender is not seeking to subordinate the priority of existing liens.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Senate Committees

Latest update: June 5, 2017
06/05/2017 - Governor Signed
05/22/2017 - Sent to the Governor
05/19/2017 - Signed by the Speaker of the House
05/19/2017 - Signed by the President of the Senate
05/10/2017 - Senate Third Reading Passed - No Amendments
05/09/2017 - Senate Second Reading Special Order - Passed - No Amendments
05/08/2017 - Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
05/08/2017 - Introduced In Senate - Assigned to Finance
05/08/2017 - House Third Reading Passed - No Amendments
05/05/2017 - House Second Reading Special Order - Passed with Amendments - Committee
05/03/2017 - House Committee on Transportation & Energy Refer Amended to House Committee of the Whole
04/26/2017 - Introduced In House - Assigned to Transportation & Energy