Colorado · 2025 Regular Session · Bill
HB 25-1201: Model Money Transmission Modernization Act
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
HB 25-1201 is a bill introduced in the Colorado House on February 10, 2025. According to its official title, it concerns: Model Money Transmission Modernization Act. Primary sponsor: Larry Liston (Republican), Nick Hinrichsen (Democratic), Bob Marshall (Democratic). It lists 1 additional sponsor. Most recent recorded action (April 18, 2025): Governor Signed.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
The act repeals the current "Money Transmitters Act" and replaces it with the model "Money Transmission Modernization Act" (MTMA). The act adopts the MTMA in part. The act updates outdated or inconsistent regulations relating to money transmitters and money transmission services, including: Clarifying the definition of "control" of a licensee and introducing a rebuttable presumption of control; Enabling Colorado's participation in multistate licensing initiatives; Codifying the agent-to-payee exemption to licensure; Revising prudential standards required for licensing and ongoing monitoring, such as tangible net worth and permissible investment calculations; Establishing an irrevocable, standby letter of credit as a permissible investment; and Expanding the enforcement actions available in case of nonperformance by a money transmitter.(Note: This summary applies to this bill as enacted.)
Sponsors
Sponsors by party (alphabetical): Democratic 3 · Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Larry Liston | Primary sponsor | Republican | Senate | 10 |
| Nick Hinrichsen | Primary sponsor | Democratic | Senate | 3 |
| Bob Marshall | Primary sponsor | Democratic | House | 43 |
| Jamie Jackson | Co-sponsor | Democratic | House | 41 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Governor Signed
- Signed by the President of the Senate
- Sent to the Governor
- Signed by the Speaker of the House
- Senate Third Reading Passed - No Amendments
- Senate Second Reading Passed - No Amendments
- Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
- Introduced In Senate - Assigned to Finance
- House Third Reading Passed - No Amendments
- House Third Reading Laid Over Daily - No Amendments
- House Second Reading Special Order - Passed with Amendments - Committee
- House Committee on Finance Refer Amended to House Committee of the Whole
Showing 12 most recent of 13 actions. Full history