C.R.S. § 5-16-134.7: Advisory council for debt collection - created - membership - duties - subject to review - repeal.

(1) The advisory council for debt collection, referred to in this section as the "advisory council", is created in the department of law. The advisory council consists of three members appointed by the attorney general as follows:

(a) One member representing a debt collection agency or a statewide organization representing debt collectors;

(b) One member representing a consumer advocacy organization related to debt collection or lending; and

(c) One member of the public.

(2) The members of the advisory council shall elect a chair and vice-chair from among the advisory council members appointed pursuant to subsection (1) of this section, which presiding officers shall serve terms of two years. Advisory council members may reelect a presiding officer.

(3) (a) Each member of the advisory council serves at the pleasure of the attorney general for a term of three years; except that:

(I) The initial member appointed pursuant to subsection (1)(a) of this section shall serve a term of one year; and

(II) The initial member appointed pursuant to subsection (1)(b) of this section shall serve a term of two years.

(b) The attorney general may reappoint a member to serve no more than three terms.

(c) Members of the advisory council may be reimbursed by the department of law for actual and necessary expenses incurred in the conduct of official business.

(4) The advisory council shall meet at least two times each year to discuss current issues in debt collection and any issues assigned to the advisory council by the attorney general for discussion.

(5) This section is repealed, effective September 1, 2032. Before the repeal, the advisory council is scheduled for review in accordance with section 2-3-1203.