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Colorado Association of REALTORS: Legislative Update

HB-1279 “Construction Defect Actions Notice Vote Approval” CAR Position – Support. The Legislative Policy Committee changed its position to support after significant amendments were made to the bill. This bi-partisan bill requires all homeowners and the developer to be notified that a construction defects lawsuit is being considered. In addition, it requires that a majority… Continue reading Colorado Association of REALTORS: Legislative Update

Gov't Affairs, Govt - CO Assoc. of Realtors®, Govt - State of Colorado

Colorado Association of REALTORS: Legislative Update

SB 156 “Homeowners’ Association Construction Defects Lawsuit Approval Timelines” sponsored by Senator Owen Hill and Representatives Lori Saine (Dacono) and Cole Wist. Support. Status – Not Calendared.  This bill requires an HOA to obtain written consent from a majority of homeowners in the association, disclose projected costs, duration and financial impact of the claim, and… Continue reading Colorado Association of REALTORS: Legislative Update