HB 17-1043

HB 17-1043 is a Colorado bill that extends funding for fraud investigators by keeping an extra dollar from certain filing fees until 2018. This extra dollar, which was supposed to end in 2017, helps the unit fight identity theft and financial fraud. The bill affects anyone who files documents under the Uniform Commercial Code (UCC) since they pay a slightly higher fee. Since it has been signed into law, this funding will continue as planned, supporting efforts to prevent and investigate financial crimes.

Official Summary

The secretary of state currently charges uniform commercial code (UCC) filing fees. Of this fee, $3 is transferred for deposit in the Colorado identity theft and financial fraud cash fund to support activities of the Colorado fraud investigators unit. Legislation enacted in 2014 increased the portion of the UCC filing fee that is transferred to the Colorado identity theft and financial fraud cash fund from $3 to $4, which increase is scheduled to repeal in 2017. The bill extends the scheduled repeal date for the increased fee, and for an associated report to the general assembly, until 2018. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes