Colorado · 2025 Regular Session · Bill
SB 25-016: Updating Escrow Disbursement Practices
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 25-016 is a bill introduced in the Colorado Senate on January 8, 2025. According to its official title, it concerns: Updating Escrow Disbursement Practices. Primary sponsor: Ron Weinberg (Republican), Andy Boesenecker (Democratic), Marc Snyder (Democratic). It lists 10 additional sponsors. Most recent recorded action (March 26, 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 modifies the types of funds that are available for immediate withdrawal as a matter of right in real estate transactions by: Limiting wire transfer funds to only those funds that are wired through a funds-transfer system operated by the federal reserve or the Clearing House Payments Company; and Adding a real-time or an instant payment made through a funds-transfer service operated by the federal reserve or the Clearing House Payments Company's real-time payments system.(Note: This summary applies to this bill as enacted.)
Sponsors
Sponsors by party (alphabetical): Democratic 7 · Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Ron Weinberg | Primary sponsor | Republican | House | 51 |
| Andy Boesenecker | Primary sponsor | Democratic | House | 53 |
| Marc Snyder | Primary sponsor | Democratic | Senate | 12 |
| Jennifer Bacon | Co-sponsor | Democratic | House | 7 |
| S. Bird | Co-sponsor | Not applicable (committee) | — | — |
| Scott Bright | Co-sponsor | Republican | Senate | 13 |
| Jarvis Caldwell | Co-sponsor | Republican | House | 20 |
| John Carson | Co-sponsor | Republican | Senate | 30 |
| James Coleman | Co-sponsor | Democratic | Senate | 33 |
| D. Michaelson Jenet | Co-sponsor | Not applicable (committee) | — | — |
| Cathy Kipp | Co-sponsor | Democratic | Senate | 14 |
| Janice Marchman | Co-sponsor | Democratic | Senate | 15 |
| Bob Marshall | Co-sponsor | Democratic | House | 43 |
“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
- Signed by the Speaker of the House
- Sent to the Governor
- Senate Considered House Amendments - Result was to Concur - Repass
- House Third Reading Passed - No Amendments
- House Second Reading Special Order - Passed with Amendments - Committee
- House Committee on Finance Refer Amended to House Committee of the Whole
- Senate Third Reading Passed - No Amendments
- Introduced In House - Assigned to Finance
- Senate Second Reading Passed with Amendments - Committee, Floor
- Senate Second Reading Laid Over to 02/05/2025 - No Amendments
Showing 12 most recent of 15 actions. Full history