60BADD9789F62D0987258527005BEF0F Hearing Summary CLICS/CLICS2020A/commsumm.nsf PUBLICBILL SUMMARY For SB20-140HOUSE COMMITTEE ON TRANSPORTATION & LOCAL GOVERNMENTDate Mar 10, 2020 Location LSB A SB20-140 - Referred to the Committee of the Whole 10:44:17 AM Representative Melton, prime sponsor, introduced Senate Bill 20-140, concerning the types of conditions that may authorize a person to recover from the bond required as a condition to be licensed to sell vehicles with motors. Motor vehicle dealers, sales persons, buyers, auction dealers, disposers, wholesalers, and used powersports dealers are required by current law to have bonds to compensate people for fraud or violation of the law if the violation is designated as recoverable by the Motor Vehicle Dealer Board. The bill requires that a violation be related to fraud in order for a person to recover from a bond. A finding in a hearing must be made indicating that the dealer committed fraud. 10:45:04 AM The bill sponsor answered committee questions. 10:46:58 AM David Cardella, representing the Colorado Independent Automobile Dealers Association, testified in support of the bill. 10:51:00 AM Mike McKinna, representing the Colorado Independent Automobile Dealers Association, testified on the bill and responded to questions from the committee. 10:54:57 AM Sophia San Miguel, representing herself, testified on the bill and responded to questions from the committee. 10:58:18 AM The bill sponsor made closing remarks. 10:59:02 AM Motion Refer Senate Bill 20-140 to the Committee of the Whole. Moved Melton Seconded Valdez D. Carver Yes Catlin Yes Froelich Yes Hooton Yes Humphrey Yes Melton Yes Valdez A. Yes Valdez D. Yes Wilson Yes Exum Excused Gray Yes Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS