0469265FB4F7BE5787258AE4006EF296 Hearing Summary

Senator Gardner and Ginal, co-prime sponsors, presented House Bill 24-1085, concerning establishing a limitation of actions against an individual performing a real estate appraisal practice. 

Committee members asked questions about the bill's impact on small business. 

Mr. Michael Flynn, representing Colorado Mortgage Lenders Association, testified in opposition to the bill.

Kimberly Woodcock, representing Colorado Mortgage Lenders Association, testified in opposition to the bill.

Dave Landin, representing Colorado Mortgage Lenders Association, testified in opposition to the bill.

Mr. Brad Groves, representing Colorado Mortgage Lenders Association, was available to answer committee questions.

Committee members asked questions about lender responsibility, appraisals, and adjustments. 

Mr. Thomas Neville, representing Colorado Trial Lawyers Association, testified in opposition to the bill.

Ms. Nicole Quintana, representing CTLA, testified in opposition to the bill.

Committee discussion ensued about the differences between statutes of limitations and statutes of repose. 

Mr. Scott DiBiasio, representing Appraisal Institute, testified in support of the bill.

Mr. Kevin Grantham, representing themself, testified in support of the bill.

MJ Carroll, representing Colorado Coalition of Appraisers, testified in support of the bill.

Mr. Scott McHenry, representing themself, testified in support of the bill.

Committee members asked questions about practices in other states.  Further questions were raised about the necessity of the bill.

Mr. JP Nisley, representing Colorado Chapter of the Appraisal Institute, testified in support of the bill.

Mr. Chris Hymore, representing Colorado Coalition of Appraisers, testified in support of the bill.

Mr. Jeovani Gaytan, representing CCA, testified in support of the bill.

Maggie Moxley, representing themself, was available to answer committee questions.

Mr. Benjamin Davidson, representing Colorado Chapter of the Appraisal Institute, testified in support of the bill.

Warren Boizot III, representing Colorado Coalition of Appraisers, testified in support of the bill.

Louis Garone, representing themself, testified in support of the bill.

Mr. Bryant Vayhinger, representing themself, testified in support of the bill.

Committee members asked the panel questions about the bill's purpose.

Ms. Amy Girsch SRA, representing Appraisal Institute, testified in support of the bill.

Mr. Brett Wilkerson, representing Colorado Coalition of Appraisers, testified in support of the bill.

Written testimony about House Bill 24-1085 may be found in Attachment B.

Senators Gardner and Ginal returned to the table for closing remarks. 

Committee members made closing remarks.  No amendments the bill sponsors made closing remarks.